Chinese Economics Thread
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I think the biggest American companies in China would be walmart and costco?
Probably Apple, Starbucks, and Nike.
GM sells more cars with its local JV in China than it does in the entire US. Ford in China also outperformed Ford in the US. Tesla is also doing well.
Ray Dalio putting money where his mouth is.
By Xiao Xin Published: Feb 15, 2022 07:57 PM
Illustration: Tang Tengfei/GT
Bridgewater Associates, the world's biggest hedge fund, gobbled up shares of Pinduoduo, JD.com, Alibaba, among other US-traded Chinese stocks over the fourth quarter of last year, according to its latest filing, cementing beliefs that Chinese assets are being, and will remain, preferred by the smart money as the brightest and best choice amid prolonged global volatility.
Bridgewater Associates' stock holdings totaled $17.2 billion in market value during the fourth quarter, down 5.81 percent from the previous quarter.
The hedge fund firm, however, continued to snap up US-listed Chinese shares during the fourth quarter, with its holdings of e-commerce stocks, including Pinduoduo, JD.com and Alibaba, up around 30 percent, Chinese financial news site wallstreetcn.com reported on Tuesday, citing Bridgewater Associates' 13F filing with the US Securities and Exchange (SEC) on Monday.
The SEC 13F filing is a quarterly report filed by institutional investment managers, which has been keenly watched as a barometer for investors to read the minds of the smart money in the market.
Put in perspective: Bridgewater Associates unloaded 89 stocks over the fourth quarter, including Amazon, Mastercard, Oracle, Netflix and Nike.
In a related move, late last year, Bridgewater's China unit also became the first wholly foreign-owned private equity firm in the country to reach the 10 billion yuan ($1.58 billion) mark as measured by assets under management.
The US hedge fund, one of the most avid investors with long bets on China, is apparently making a smart choice by increasingly weighting its stock portfolio toward premium Chinese shares.
The Federal Reserve's abrupt shift toward a super hawkish tone on rate hikes amid runaway inflation earlier this year has put the Fed at the vanguard of tackling inflation and fueled speculation over as many as eight rate hikes.
The turnabout from the US-led cycle of quantitative easing over the years has sent shockwaves across the global market. The US equity market that has over the two months been retreating from its super easing-induced historic highs is shown to be a source of investor jittery worldwide.
By comparison, Chinese assets at large have become much more appealing, buoyed by the country's monetary policy independence that offers sufficient leeway for moderate easing at a time when the rest of the world is largely grappling with the fallout of monetary tightening.
Bridgewater Associates' continued optimism on Chinese assets also effectively brushes off skepticism over the appeal of China's economy.
The resilience of the world's second-largest economy that has only been beefed up by the country's swift and effective response to the COVID-19 epidemic is surely giving investors a steady stream of confidence and silencing those sowing the seeds of suspicion and pessimism.
With an entrepreneurial mechanism that's being continuously improved, a huge domestic market and a diligent yet innovative people, it's no wonder that global investors have been looking to the Chinese market for future gains.
Moreover, local governments across China have also ramped up efforts to unveil incubation and funding programs. This, adding to wide-ranging moves to foster an economic transition toward being sci-tech innovation-driven, helps in mustering up attention to the vitality of the economy.
It's noteworthy that the Chinese business community has also been responding swiftly and resoundingly to the country's grand vision of common prosperity, with Alibaba and its other domestic rivals refashioning their business models in a way that aligns them with the country's antitrust push and sets them for more sustainable growth.
In so doing, these premium Chinese stocks remain a source of confidence for global asset managers like Bridgewater Associates, which are shrewd enough to place bets on China's long-term growth prospects.
Time and again, those hinging growth on a more thriving Chinese economy have outsmarted China-bashers. It won't be much different this time around.
In fact, with the global market hijacked by an increasingly unruly US economy, which has lowered itself from a trendsetter in globalization and innovation to a troublemaker and epicenter of instability, Chinese assets would for sure establish themselves as one of the safest havens amid a potentially choppy ride ahead.
It could be the motto for the year and beyond that long bets on China are the brightest and best choice.
By Xiao Xin Published: Feb 15, 2022 07:57 PM
Illustration: Tang Tengfei/GT
Bridgewater Associates, the world's biggest hedge fund, gobbled up shares of Pinduoduo, JD.com, Alibaba, among other US-traded Chinese stocks over the fourth quarter of last year, according to its latest filing, cementing beliefs that Chinese assets are being, and will remain, preferred by the smart money as the brightest and best choice amid prolonged global volatility.
Bridgewater Associates' stock holdings totaled $17.2 billion in market value during the fourth quarter, down 5.81 percent from the previous quarter.
The hedge fund firm, however, continued to snap up US-listed Chinese shares during the fourth quarter, with its holdings of e-commerce stocks, including Pinduoduo, JD.com and Alibaba, up around 30 percent, Chinese financial news site wallstreetcn.com reported on Tuesday, citing Bridgewater Associates' 13F filing with the US Securities and Exchange (SEC) on Monday.
The SEC 13F filing is a quarterly report filed by institutional investment managers, which has been keenly watched as a barometer for investors to read the minds of the smart money in the market.
Put in perspective: Bridgewater Associates unloaded 89 stocks over the fourth quarter, including Amazon, Mastercard, Oracle, Netflix and Nike.
In a related move, late last year, Bridgewater's China unit also became the first wholly foreign-owned private equity firm in the country to reach the 10 billion yuan ($1.58 billion) mark as measured by assets under management.
The US hedge fund, one of the most avid investors with long bets on China, is apparently making a smart choice by increasingly weighting its stock portfolio toward premium Chinese shares.
The Federal Reserve's abrupt shift toward a super hawkish tone on rate hikes amid runaway inflation earlier this year has put the Fed at the vanguard of tackling inflation and fueled speculation over as many as eight rate hikes.
The turnabout from the US-led cycle of quantitative easing over the years has sent shockwaves across the global market. The US equity market that has over the two months been retreating from its super easing-induced historic highs is shown to be a source of investor jittery worldwide.
By comparison, Chinese assets at large have become much more appealing, buoyed by the country's monetary policy independence that offers sufficient leeway for moderate easing at a time when the rest of the world is largely grappling with the fallout of monetary tightening.
Bridgewater Associates' continued optimism on Chinese assets also effectively brushes off skepticism over the appeal of China's economy.
The resilience of the world's second-largest economy that has only been beefed up by the country's swift and effective response to the COVID-19 epidemic is surely giving investors a steady stream of confidence and silencing those sowing the seeds of suspicion and pessimism.
With an entrepreneurial mechanism that's being continuously improved, a huge domestic market and a diligent yet innovative people, it's no wonder that global investors have been looking to the Chinese market for future gains.
Moreover, local governments across China have also ramped up efforts to unveil incubation and funding programs. This, adding to wide-ranging moves to foster an economic transition toward being sci-tech innovation-driven, helps in mustering up attention to the vitality of the economy.
It's noteworthy that the Chinese business community has also been responding swiftly and resoundingly to the country's grand vision of common prosperity, with Alibaba and its other domestic rivals refashioning their business models in a way that aligns them with the country's antitrust push and sets them for more sustainable growth.
In so doing, these premium Chinese stocks remain a source of confidence for global asset managers like Bridgewater Associates, which are shrewd enough to place bets on China's long-term growth prospects.
Time and again, those hinging growth on a more thriving Chinese economy have outsmarted China-bashers. It won't be much different this time around.
In fact, with the global market hijacked by an increasingly unruly US economy, which has lowered itself from a trendsetter in globalization and innovation to a troublemaker and epicenter of instability, Chinese assets would for sure establish themselves as one of the safest havens amid a potentially choppy ride ahead.
It could be the motto for the year and beyond that long bets on China are the brightest and best choice.
China discovered a "super large" lithium deposit in the Himalayas mountain, Xi Zang.
According to the preliminary survey, it is estimated to have a probable reserve of lithium oxide of more than 1 million tonnes. The actual reserve can be a lot more because the esimation only takes about one sixth of the found deposit volume.
The location is at altitude of 5500 meters. It is near existing country roads, and far away from environmentally sensitive areas. The deposit is not buried underground.
According to the preliminary survey, it is estimated to have a probable reserve of lithium oxide of more than 1 million tonnes. The actual reserve can be a lot more because the esimation only takes about one sixth of the found deposit volume.
The location is at altitude of 5500 meters. It is near existing country roads, and far away from environmentally sensitive areas. The deposit is not buried underground.