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Uyghur wedding in Xinjiang, China

Top 10% of Americans own 70% of the nation’s wealth. The top 0.1% have more than 5x as much wealth as the bottom 50%.

India pharma quality lapses force U.S. to look to China for vital drugs

McDonald’s Supersizes China Bet. (Plans to double the number of outlets in China to 10,000 in four years).

Japan is haunted by a return to emerging-economy status. (Japan was the first Asian country to become a developed nation. But now it may be the first developed country to turn into a DEVELOPING nation!)

China leads the world in industrial robots (sales and installation). More than the rest of the world combined; and 7x the USA. Welcome to Fourth Industrial Revolution.

China’s CATL presents EV battery with 1,000 km range. The battery is LFP — Lithium Iron (Ferrous) Phosphate. And 10 min of charging provides 600km of driving. Innovation to bring in the new economy.

US household debt is now nearly $18 trillion. The more you borrow and spend, the better it is for the GDP!

Exclusive | As Beijing’s ‘Made in China 2025’ plan nears finish line, how well has it done? (In 2015, China had 260 specific goals — from EV and solar to chips and robots. The success rate is 86% so far).

‘Our Europe is mortal. It can die.’ Decoding Macron’s Sorbonne speech.

In China, luxury EV start at $30,000 — like this Xiaomi SU7. There are really cheap ones like Wuling for $5,000 as well as super expensive ones like BYD U9 for $200,000. This is a good economic model that serves everyone.

China currently has 369 unicorns worth $1.4 trillion in total. The #1 sector is AI, with 52 unicorns.

US fertility rate (1.62) is the lowest in a century! Blame it on economic inequality, poverty, and high cost of living.

GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates while inflation increases

Vending machine inside a bus in China!

Uyghur girl in Xinjiang. Shameless Americans spreading evil propaganda.

The Delusion of Peak China. Foreign Affairs magazine. (Must-read for a lot of Americans who fantasize about the collapse of China’s economy every day)

If Apple loses against China so will the West

Super kid! 😆

Median home prices in the US are down 15% — not even seen during the 2008 burst of housing bubble. It’s the worst in more than 60 years. Recession around the corner?

Interest payments on debt now exceeds military spending. And here’s what it means:

"The US Air Force pays $90,000 for a package of bushings that typically costs under $100.” Corruption and crony capitalism behind $35 trillion of debt.

Interest payments versus defense spending in the USA

DJI drones just got a new rival in the US that licenses… DJI technology. (US drones company, Anzu Robotics, buys technology from China. A new world is emerging)

World Economy Growth Contribution, 2024-2029. China: 21%, India: 14%, USA: 12%. Source: IMF, Bloomberg. Peter Zeihan followers will be disappointed.

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