you're out with the latest report as well on the state of China's economy which showed revenues profits hiring wages as well in August all slowing from a year ago what is the latest data showing you yeah look the Chinese economy started off on a very strong note I think uh at the beginning of the year but it was looking pretty clear that from that point on there was going to be some moderation and in August you're certainly seeing this mild slow down now that said uh you know the the roof isn't exactly collapsing and I
think the market has been way too pessimistic on China the data are actually somewhat boring I'd say you're still getting a a modest recovery through the course of the year um so we're not anywhere near a crisis but if you're looking for a rally you know rally in the equity Market yeah you're not going to like the figures that just came out one of the most well-known Equity Market names that's attached to the Chinese economy is Alibaba quite frankly and there's been a little bit of an about face that we've seen between their relationship with
government and now uh making it through this this period where they were under high scrutiny what does that signal to you about how the region is approaching publicly traded entities and just business at a whole yeah look I think the idea was we're going to cut Alibaba down to size that's what she and and Company wanted to do and I think they feel like they've done that uh for now and maybe forever uh this does not I think spell a change in the overall approach towards uh business and in the overall approach towards regulation r
large um as the policy environment changes there I think we could see fresher companies coming under crackdowns we could see n the National Security lens that they've taken uh uh about you know every company every sector that remains dominant in China so policy risk is uh you know perhaps receding it's not going away what does that mean for bite dance then look bite dance they made it clear they're not going to let them sell the algorithm they're going to maintain total control Tik Tok is controlled by the Communist party that's the that's the fundamental reality
what does a trade war with China look like what does that like frame that for us yeah it can take a couple of different shapes first of all you've got the Tariff or which is I think the most blunt instrument you can use right come up with anything what is made in China put a tariff on it so it could be sector wide industrywide it could affect a lot of goods then you get to the more sophisticated parts of it which is where you start getting into things like export controls you can get even more
aggressive and sophisticated and do things like real outbound investment controls work with Congress on things like raising di di Minimus rules as the effect packages coming in Shen and timu packages that come in today uh so it just depends on how sophisticated and how aggressive uh the person occupying the White House wants to be do you think it we get to the point where us companies I think about a Walmart operating Sam's Clubs in China I think it's Starbucks that they somehow get kicked out of the country uh look anything is possible nationalization is even
a a bigger risk uh those companies have decided that they are in China for China uh forever and I think the real goal is how do you bifurcate that how do you let American companies and foreign companies work within China so long as the Communist Party allows them to while protecting national interests uh core national interests that's a big debate um in in DC and and you know people are still trying to figure it out
