I’m starting a monthly series where I share interesting things I’ve come across (articles, podcasts, reports, recent travels, etc.) with brief summaries for your reading pleasure.
Articles I’m reading
Dan Wang (of Gavekal fame) was interviewed by Noah Smith in this piece and it’s a very astute take of today’s China.
Source: Noahpinion
Dan is one of my favourite China watchers and writers, and he never fails to deliver a balanced view of the issues surrounding China. This is rare in today’s fragile geopolitical climate and it’s important for investors to have a clear-headed mind when approaching this topic. Here’s some of the takeaways:
On China’s industry:
“China has built the basics of the industry, but is at best 10 years behind the leading edge of manufacturing logic chips, and even more on the tools needed to produce chips: lithography equipment and EDA software. On aviation, China’s answer to Airbus and Boeing has been years behind schedule, and is anyway substantially...
