Panda Perspecticast

Good Afternoon,

an extra long pod today talking about the trade war, tariffs and outcomes thereof.

The chart for manufacturing share of employment that gets a mention:

have a great week ahead,

Leonid

Good evening,

A new episode focusing on what worked and what didn’t work in the first quarter of 2025.

We talked about the index performances as well as what to expect in 2Q25. This is the list we used.

And here’s the link to the Battery piece:

Have a great week,

Leonid

Good Evening,

It seemed appropriate to address some of the themes we discussed in the Weekend notes.

Next big theme is Robotics - very excited for that, do join in if you share our excitement.

Serious about Asia investing? Your process needs more Panda. We full appreciate that for some this is not enough and you’d like a more personalised service that will help get results in China and Asia. Fret not, instead see what we offer here, and connect with us today or message us directly.

I do hope this helps to explain what we’re thinking about here looking out to 2Q25 and beyond.

Have a great week,

Leonid

Good Evening,

This week’s episode is short, but to the point. We’re addressing the issues that have been raised about the Consumption Action Plan.

Please read the main post on the subject.

Have a great one,

Leonid

Good Evening,

As is customary a Monday evening musing on the events that are moving the China markets.

The full preview can be found here.

Check out the China Internet Write ups here:

* Alibaba

* Baidu

* Tencent

Do join us for more!

Also, here is the Xi, the champion of businesses article:

http://www.xinhuanet.com/mrdx/20250303/0b05c2ae25754afb99f905dbe948f88b/c.html (do use the translation button if you, like me, are linguistically disadvantaged)

Have a great week ahead,

Leonid

Good Evening,

This is the final piece of content (sorry) to do with $BABA for the foreseeable future, and it felt important to get out a final verdict on it, especially in the context of today’s negative move in the price.

Here’s the original piece if you’ve missed it:

As usual I encourage everyone to subscribe to the full version of the blog. To be clear the presentation is made available for the premium subscribers only. Do reach out if you want it.

That’s all from me, have a great week ahead!

Leonid

Good evening,

here are the pictures mentioned:

(a) the one on Short interest courtesy of SubuTrade

(b) the seating plan courtesy of Hutong Research

As usual, if the topics discussed are of interest to you, do consider subscribing.

Have a great week ahead,

Leonid

Good Evening,

the BYD video I referenced is available at

It is available in three levels:

• Level C for BYD cars (simpler)

• Level B for Denza, Leopard, and BYD flagship cars (medium)

• Level A for Yangwang (top level)

The level is not assigned based on rank; more expensive cars have more advanced autopilot equipment.

In the video, the U9 demonstrates Level A.

The BYD Chairman stated that they have the largest automotive cloud database in China.

He also mentioned that over the next 3 years, intelligent driving will become an indispensable option when purchasing a car.

have a good one,

Leonid

Good Evening,

The pieces mentioned:

Have a Great Week ahead,

Leonid

We are talking about DeepSeek and fallout from it, not a lot of structure other than that.

The coal piece is here.

And once again - happy Chinese New Year to those celebrating!

The related promotion of -28.8% for life Is not up and running - no need to do anything it will be applied automatically.

Have a goo week and we will return with the Solar/Wind piece later in the week,

Leonid