Comment by chvid

I am a China perma bull and a panda hugger but most of my money is in the US.

US capital is the completely dominant center of global capital and it will be so for decades to come. Ultimately this will flip too as China becomes the global economic center but I am not quite sure what it will look like and I don't assume the process of capital allocation will be exactly the same as it is today in the US-system (there may be more state directed investment, more bank lending, perhaps less public speculation, or even novel financial structures).

That said - Chinese stocks had a good year in 2025 and are currently on a run - and there is certainly a lot of value there.