Alice Han

When I think about the next generation, that is also going to have an impact on who takes care of these older women and men who decide not to get married and have children.

Is it going to be the state?

That is a big question mark because, you know, the pension scheme is not as established as it is, say, in Japan or even in the US.

So that is going to be a big political economic question, I think, for the Chinese government moving forward, because thus far, any attempts to increase fertility has been universally, I think, problematic across all countries.

I don't see any real instance in which the government has been successful in

globally and really boosting and stimulating the fertility rate.

But I think this is something we should definitely track because I get the sense every time I go to China that more and more people are interested in being online, being on their phones rather than being in community.

And I'm hoping that there is going to be a countercultural movement towards that.

I'm already seeing some signs that people want to do community trips out in nature, for instance.

But this is a country that I think historically has been very communal.

And to move towards this kind of unitary ecosystem where people are more plugged in online than with each other, I think is going to be a new normal for the Chinese society.

All right, James, this is prediction time, one of my favorite times.

What is your prediction as you peer into the future this week?

This is kind of naughty for me to ask a follow-in prediction such question.

Do you think that pushes Jensen Huang to ask Trump, please, can I send them more leading edge chips?

Leading edge Blackwell chips.

What do you think will be the change in calculus from Jensen and Trump in the midst of that?

Yeah, I'm sympathetic to this view because there is an argument, which I find quite convincing, that part of the reason China is trying to restrict these AI processes from NVIDIA isn't just to support domestic variants, but also to put pressure on Jensen to get them higher quality chips.

I think that that's quite conceivable and it might actually happen in 2026.

My prediction is somewhat chip tangential in the sense that it is about AI.