James Kynge

My prediction is measured in the hundreds of billions of US dollars.

What I would like to say is that I think the gap between the total stock market valuation of China's top four

five technology companies, and the top five tech companies in the US will close somewhat over the next year.

In other words, the gap in the valuation will close.

So just to give you a few numbers on this, the combined market value of the top five US tech companies, which are Nvidia, Alphabet, Apple, Microsoft, and Amazon,

was $17.8 trillion last Friday.

And the market cap of the top five Chinese tech companies last Friday, those companies are Tencent, Alibaba, CATL, Xiaomi, and PDD Holdings, was $1.48 trillion.

So in other words, at the moment, the market is saying that the top five Chinese tech companies are worth one twelfth

of the value of the US's top five.

I reckon by this time next year, this is not a scientific projection, but I just feel that it shows the direction of travel.

I reckon this time next year, you know, it could be one-tenth or something like that.

So in other words, the Chinese companies will be worth more relative to the US companies, although, of course, the US companies will still be worth far more in an absolute basis.

Well, Alice, I mean, you know, obviously, first of all, this is a tragedy that is enveloping much of the Middle East now.

But at the same time, as you've just pointed out, it provides us with a very valuable chance to get an object lesson in how China conducts its diplomacy and how China's overriding priorities as the world's second most influential geopolitical actor actually play out.

I mean, to put it in short,

This is China's Game Theory.

And I'm James Kim.

Well, Alice, I mean, you know, obviously, first of all, this is a tragedy that is enveloping much of the Middle East now.

But at the same time, as you've just pointed out, it provides us with a very valuable chance to get an object lesson in how China conducts its diplomacy and how China's overriding priorities as the world's second most influential geopolitical actor actually play out.

I mean, to put it in short,