The World Is Moving To Two Standards: America's And China's

By Eric Peters, CIO of One River Asset Management

“China went from being a really interesting market to being uninvestable after Xi’s crackdown in 2020,” said the CIO. “It’s been in the doghouse ever since.” We were scanning the world, looking for the next big theme. “Then came DeepSeek and Trump’s trade war, and it helped us see that despite the trade controls, the tech restrictions, the various forms of sand thrown into the gears, Chinese tech companies have nevertheless gotten to being good enough,” he said. “And for many in the world, good enough works as long as it comes at the right price.”