Hello! Welcome to the 4th episode of the on-and-off podcast that has been tentatively named “Peking Playbook,” mainly featuring me and Robert Wu, of Baiguan and China Translated, just talking about recent news.

In the following half-hour conversation recorded on Sunday morning ET, March 9, 2025, we touched on

[00:56] Two Sessions?

[03:31] Birth subsidies

[06:33] 1-trillion-yuan state VC fund?

[11:33] China’s retaliatory tariff on US agricultural products

[17:32] Trump’s impact on stock market confidence

[19:47] TSMC’s $100b investment in the US

At the time of the recording, I was in Princeton, New Jersey and Robert is in Shanghai.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.pekingnology.com