Why Asian Economies Are at Risk of Recession.

Yili Industrial 2Q Results Commentary And Updated Model Portfolio.

Inner Mongolia Yili Industrial Group (A) (600887 CH). Initiate with a Positive Rating.

Asia ex-Japan consumer sector long-only analyst.

Chan Wai Leong

Thematic (Sector/Industry)

<p>The Asian Financial Crisis of 1997 was self-inflicted. The solution was entirely within the powers of the local governments to make, and they had to act aggressively to solve the AFC. This bind we find ourselves in is forced upon us by the Trump administration. Here, I make the case that China's response will only hurt itself in the long run and propose an alternative strategy - the best course for China is to do nothing.</p>

The Asian Financial Crisis of 1997 was self-inflicted. The solution was entirely within the powers of the local governments to make, and they had to act aggressively to solve the AFC. This bind we find ourselves in is forced upon us by the Trump administration. Here, I make the case that China's response will only hurt itself in the long run and propose an alternative strategy - the best course for China is to do nothing.

This Time It's Different.