The Great China Decoupling
There is a lot packed into this note.
This is longer than I usually send out.
There’s a good reason though.
This note could frame our investing outlook for the coming years…
It’s worth bending the rules.
Let’s give your attention span a workout, and dive straight in.
China stands increasingly isolated on the global stage.
There has been renewed talk of “The Great Decoupling”.
Trump confirmed as much last month:
Amidst the predictable hysterical reactions and media reductionism, it was easy to lose perspective.
Decoupling is defined as:
“a situation in which two or more activities