26
“有一只猪有些与众不同。它是肉猪，但长得又黑又瘦，两眼炯炯有光。这家伙像山羊一样敏捷，一米高的猪栏一跳就过；它还能跳上猪圈的房顶，这一点又像是猫，不在圈里待着。
领导把它定成坏分子，要对它采取专政 .. 但假如专政是指绳索和杀猪刀的话，那是一点门都没有.”
— 王小波《一只特立独行的猪》
28
《论中国信息技术产业发展》江泽民
最有前瞻性的预判之一。
As early as 2006, Jiang Zemin presaged the dawn of the semi industry. If not sufficiently developed, China would be vulnerable to embargo by the west, he said. He also foresaw China’s ability to make 14nm chips by 2020. twitter.com/i/web/status/1…
30
Explosions at Sinopec Shanghai Petrochem. Plant operating at 1/20 designed load cos weak demand since March. Fire & smoke billowing into sky, inferno erupting. Pray safe.
上海石化因需求不足超低负荷运行而爆炸，最低时1/20设计负荷。远处可见，滚滚浓烟逐日。祈祷平安。
31
“新十条”防疫新政：
- 新冠降为乙类传染病
- 不判定密接
- 防控重点转为防重症
- 确诊可居家，不强制去方舱***
- 社会面不再搞核酸
- 分类分诊
- 提高疫苗接种，特别是老人
- 出入、交通全面恢复
- 方舱清空（如图）
- 复工复产
现在再去讨论疫情，就如，领导停了你还说，领导夹菜你转桌。
32
王小鲁：市场化是社会发展的必经之路。你想不要这套东西，实践证明你失败了。思想、技术、制度财富是人类共同的财富，不要学义和团，凡是外来的都拒绝，自己把路走死了。
33
Ex President Hu Jintao played ping-pong with a few Chinese athletes and beat them hands down.
34
曾经的期货程序化交易高手，两千多万的盘子，现在过着10块钱一天的游荡生活。有人会觉得他很落魄，但他却活出了自我、开心知足。
桃李春风一杯酒，江湖夜雨十年灯。
He’s once a program futures trader with positions >¥20m, now on ¥10/day in abject poverty. But he did it his way & happy.
36
越南经典电影《常在我心中》
Vietnamese theatre classic “Always on My Mind”.
37
最近两天，三篇重要的文章：
1）人民日报《增强对当前疫情防控政策的信心和耐心》;
2）人民日报《“动态清零”可持续而且必须坚持》;
3）新华社《增强定力耐力疫情防控绝不能“躺平”》。
40
Heard that “Reopening Committee” has been formed & led by Wang Huning, Politburo Standing Member. The Committee is reviewing COVID data from US/HK/SG to assess various reopening scenarios, target 03/2023 reopen.
HK finally rebounded 3%, A-shares +1%. $EWH#EWHE#KWEBI#FXIJ#PGJhref="https://t.co/ZgN2EYqUzH" target="_blank" rel="noopener">twitter.com/HAOHONG_CFA/st…
41
2003.04.02 一语成谶。
Front page of a Chinese newspaper 20 years ago read: ZERO POPULATION GROWTH IN 2022.
Today, China reports first population decline in 61 years.
42
一图看懂中国经济现状。
A picture to sum up China’s economy.
43
Right now, Taiwan 101 Tower lights up to welcome #Pelosi. Pelosi’s puts on Taiwan semiconductor are in combat readiness.
44
This is Old Guangzhou, or Canton in 1966, just before Cultural Revolution, when streets were cleaner than people’s clothes, & “the East Was Red” but not by the sun.
Guangzhou was the only window for foreign trade before “Reform & Open” in 1978. It’s a story of rags-to-riches.
45
The preeminent CASS forecasts that Chinese pension will run out by 2035. For people born after 1980 there may not be enough pension.
Note that as %GDP, pension savings peak at 2024, likely a result of aging demo and thus less pay-in than payout. Not a pretty picture.
46
我的研究报告网站 growinvestment.group 是Wordpress上成长速度最快的金融网站。写了一个多月，四篇报告 (中英文一式两份)，阅读量已近28万。
一个真正的IP是独立的，是无法陨灭的。 twitter.com/i/web/status/1…
47
一些无法翻译的中文：复盘、赋能、赛道、组合拳、引爆点、生命周期、垂直领域 … 杀了我吧。
任何打着这些官腔的会议，都是浪费时间大会。在任何报告里，只要出现这些陈词滥调，请马上删除扔进垃圾回收。
48
Biggest typhoon casualty: the bronzecharging bull statue in front of the Shenzhen stock exchanged has fallen.
49
China consumer confidence plunged most ever since 1992, almost fell through the chart. Yet industrial output resilient. They used to be highly correlated. Odd.
中国消费者信心暴跌程度30年历史之最，快跌穿图底了。但工业产出却坚韧超预期。这些曾是高度相关的数据。为什么？
50
还没打就见血了。4400个股票受伤。
Chinese stocks collapsed in the shadow of a looming conflict. 4400 of 4800 stocks hurt.
Economist of the Year - Asian Private Banker; FT Book of 2020; No.1 Strategist/Economist - AsiaMoney. “The man who called China’s boom & bust” - Bloomberg