Welcome to The China Memo. I'm your host: born in China, trained in Western finance, now based in Switzerland. I read what Chinese policymakers, companies, and business people actually say — from a local perspective — and translate it for those tracking China who want the signal without noise. Fact-based. No speculation. We focus on structural trends. Disclaimer: All contents are for educational and informational purposes only. Nothing here constitutes financial, investment, or professional advice.