VIDEO: China's Grand Game and its Impact on Your Portfolio
By John Persinos
Welcome to my video interview with Scott Chan. Below is a transcript that I've edited for the sake of concision. For additional details and several charts, watch my video.
Scott Chan is the lead analyst for Real World Investing and The Complete Investor. I sat down with Scott to discuss China and a range of related geopolitical topics as they affect investors.
Scott Chan moved from China to the U.S. with his family at the age of 10. He earned undergraduate degrees from New York University followed by an MBA degree from the Zicklin School of Business at Baruch College. Scott reads and speaks fluent Mandarin and Cantonese Chinese.
If anyone understands the world's second-largest economy, it's Scott Chan. My questions to him are in bold.
China has taken a sharper authoritarian turn, against not just Taiwan and Hong Kong but also against mega-cap technology companies. How big a threat is Beijing's crackdown to the tech sector?
Chinese stocks have always carried a stigma. One reason is doubt, fair or unfair, about the legitimacy of the accounting. Another reason is that the Chinese Communist Party (CCP) can do whatever it wants. The crackdown on the tech sector limits the upside of these mega-cap Chinese tech companies.
But it's important to make the distinction that the crackdown in tech has been limited to consumer tech companies. China hasn't touched tech sectors like semiconductors, so China knows what it's doing in regard to prioritizing what's important to its standing in the world.
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