Date: December 14th, 2025 2:12 PM
Author: theranchman
wtf are u talking about lol so does the 30 yr
Compare it to the risk-free rate
This is the right anchor.
30-year Treasury ≈ 5% nominal
That’s:
Risk-free
Dollar-denominated
Liquid
No political / capital-control risk
So ask the obvious allocator question:
Why take China risk for ~6% nominal growth?
Especially when:
FX risk exists (RMB depreciation)
Equity returns ≠ GDP growth
State intervention caps upside
Capital controls limit exits
From a global capital allocation perspective, 6% China GDP is not screaming “re-rate everything.”
(http://www.autoadmit.com/thread.php?thread_id=5810199&forum_id=2"#49508895)