In my earlier July investment reflection “battleground in a decoupled world”, I talked about my feeling that China has chosen to de-couple from the rest of the world and mind their own business. Here was my summary: China has politically decided to be head-to-head with the US. China’s “dual circulation” actually means to close the door. They have decided to be isolated since they can’t find a friend on the global stage anyway. China’s atmosphere of patriotism is extremely high. This paves the way for the government to make even bolder moves. In the next few weeks, China has made drastic moves to clamp down on several industries. The action pulled down not China’s stock market, but entire Asia and Emerging market indices because China has a large weight. Fear was in the air and nobody knows who will be the next target. I have thought about this...