Tesla just signed a USD5bn deal in Indonesia for nickel. Indonesia is one of the hotpots in Asia for investment in 2021, 2022 and beyond.
It has the natural resources of now and the future as countries rush to secure supply chains for metals of the transition.
It has the natural resources of now and the future as countries rush to secure supply chains for metals of the transition.
While many people report on the exceptional performance of Chinese exports, I maintain that the big story is Chinese imports, which continues to be exceptionally weak, relative to exports, itself and esp the rest of Asia.
Growth divergence of China vs EM Asia ex China widens.
Growth divergence of China vs EM Asia ex China widens.
Markets are fading the Taiwan crisis (drills on-going) but the key trend for the region is bifurcation of EM Asia ex China vs China & that has to do with different Covid strategy to the diversification of investment as many see tensions between China vs the West only escalating.
And guess what? A place like Indonesia attracts investment not just from the US but also China as everyone tries to secure their supply chain, especially metals that are key for present and future.
So not a bad time to be Indonesia. Well, frankly, EM Asia ex China even w/ shocks
So not a bad time to be Indonesia. Well, frankly, EM Asia ex China even w/ shocks
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