Alice Han

The reason I say that is because not only are we seeing more services, some of this geared towards AI and the usage of AI in healthcare, in elderly care, in retail and manufacturing, but we see these tech companies come up with really inventive ways to create new markets.

The reason I say that is because not only are we seeing more services, some of this geared towards AI and the usage of AI in healthcare, in elderly care, in retail and manufacturing, but we see these tech companies come up with really inventive ways to create new markets.

The reason I say that is because not only are we seeing more services, some of this geared towards AI and the usage of AI in healthcare, in elderly care, in retail and manufacturing, but we see these tech companies come up with really inventive ways to create new markets.

I'm optimistic that Chinese tech will be very, very resilient and it will find more ways to be even more self-sufficient and have supply chain resilience. But it could create more products and services that, again, could boost consumption, reduce the cost of certain services and goods. So I'm bullish on some parts of the tech story and bullish on some parts of the consumption-boosting story.

I'm optimistic that Chinese tech will be very, very resilient and it will find more ways to be even more self-sufficient and have supply chain resilience. But it could create more products and services that, again, could boost consumption, reduce the cost of certain services and goods. So I'm bullish on some parts of the tech story and bullish on some parts of the consumption-boosting story.

I'm optimistic that Chinese tech will be very, very resilient and it will find more ways to be even more self-sufficient and have supply chain resilience. But it could create more products and services that, again, could boost consumption, reduce the cost of certain services and goods. So I'm bullish on some parts of the tech story and bullish on some parts of the consumption-boosting story.

But I see these structural challenges still in play, and that means a net disinflationary environment for the rest of the world because China needs to produce more. And if the U.S. is not going to buy it, then it's going to have to export to other economies, maybe the European market, for instance. So it's two very different pathways for China.

But I see these structural challenges still in play, and that means a net disinflationary environment for the rest of the world because China needs to produce more. And if the U.S. is not going to buy it, then it's going to have to export to other economies, maybe the European market, for instance. So it's two very different pathways for China.

But I see these structural challenges still in play, and that means a net disinflationary environment for the rest of the world because China needs to produce more. And if the U.S. is not going to buy it, then it's going to have to export to other economies, maybe the European market, for instance. So it's two very different pathways for China.

But I come out from this trade war feeling that the Chinese policymakers have more resolve to, again, expedite some of these structural trends towards consumption. And in case of backlash against overcapacity to reroute through these third parties, we saw 20% year-on-year increases to exports to ASEAN.

But I come out from this trade war feeling that the Chinese policymakers have more resolve to, again, expedite some of these structural trends towards consumption. And in case of backlash against overcapacity to reroute through these third parties, we saw 20% year-on-year increases to exports to ASEAN.

But I come out from this trade war feeling that the Chinese policymakers have more resolve to, again, expedite some of these structural trends towards consumption. And in case of backlash against overcapacity to reroute through these third parties, we saw 20% year-on-year increases to exports to ASEAN.

I think that this will continue to gear up as they try to avoid any future tariffs from the Americans. Stay with us.

I think that this will continue to gear up as they try to avoid any future tariffs from the Americans. Stay with us.

I think that this will continue to gear up as they try to avoid any future tariffs from the Americans. Stay with us.

So Scott, I love this question because I think we always need to look beyond the data. So back in 2018, we saw the US share of Chinese exports being 20%. It's now around 14%, if not under. That is not the full story because the Chinese surplus, trade surplus to the US has increased quite a bit since 2018. So what we've actually seen is that China is rerouting

So Scott, I love this question because I think we always need to look beyond the data. So back in 2018, we saw the US share of Chinese exports being 20%. It's now around 14%, if not under. That is not the full story because the Chinese surplus, trade surplus to the US has increased quite a bit since 2018. So what we've actually seen is that China is rerouting

So Scott, I love this question because I think we always need to look beyond the data. So back in 2018, we saw the US share of Chinese exports being 20%. It's now around 14%, if not under. That is not the full story because the Chinese surplus, trade surplus to the US has increased quite a bit since 2018. So what we've actually seen is that China is rerouting

its trade through other parties in Latin America and Southeast Asia to, again, they call it tariff washing, to avoid some of these tariffs or restrictions that the Americans have put into place. So that number, I think, again, is a bit of a misleading number.

its trade through other parties in Latin America and Southeast Asia to, again, they call it tariff washing, to avoid some of these tariffs or restrictions that the Americans have put into place. So that number, I think, again, is a bit of a misleading number.