This podcast episode features an interview with Hong Hao, chief economist of Grow, discussing the recent rally in Chinese markets. The conversation analyzes three contributing factors: better-than-expected trade developments (specifically, lower-than-anticipated tariffs), the positive impact of the DeepSeek AI technology breakthrough, and increased optimism surrounding policy outcomes from the National People's Congress. Hao highlights that the US market seems less prepared for these developments than China, suggesting a potential shift in global market dynamics. The discussion also touches upon the evolving US-China trade relationship and the implications for US exceptionalism, concluding with an outlook on promising sectors within the Hong Kong stock market, such as technology and semiconductors.
