Inside Our Partnership: A Conversation with China AMC's Chief Investment Officer on China's Tech-Driven Future

For Chinese investors, mainly focus on technology side instead of politics and micro data.

As we can tell, China's economy has been successfully transforming from an investment-driven economy to innovation-driven economy.

And technology, especially artificial intelligence, account for a big portion of the total economy and growth prospectus.

For the technology side, it is very promising.

So, underground Chinese investors are very optimistic, especially in the tech space.

That's really interesting.

So as an investor, you're a chief investment officer for a large firm, not so much attention on the politics.

I like how you made reference already to the transition from an investment-driven economy to one now much more focused on technology, growth, entrepreneurship.

Richard, when you made reference to the investment phase, were you referring to that period of time where there was investment into infrastructure in China and the late 1990s, early 2000s.

Is that the period of time that you were talking about when we saw a lot of investment into infrastructure as well as real estate?

Yes, exactly.

From 1990s to 2018, China has been experiencing very high growth investment on the infrastructure, mainly focused on railway, highway, and building material.

That has been made a good foundation for China to accelerate its economy, to transform the economy from investment to technology-driven economy.

In that decade, I think and things have been changed significantly because based on basically the world-class infrastructure in China, Chinese companies began to embrace the new technology to further develop this business to move up the value chain from the bottom to the high-end manufacturing.

That's exactly what happened in China across different industries.

I think something is quite interesting in that space.

I agree.

That's a very interesting way to frame it.

It's true.

An extended period of investment, you made reference to railways, highways, but even ports, airports, significant investment in Chinese infrastructure.

But as a result of that, you've seen a broadening out of industrial investment in China.

And as you said, moving up the value chain.

For Chinese investors, mainly focus on technology side instead of politics and micro data.

As we can tell, China's economy has been successfully transforming from an investment-driven economy to innovation-driven economy.

And technology, especially artificial intelligence, account for a big portion of the total economy and growth prospectus.

For the technology side, it is very promising.

So, underground Chinese investors are very optimistic, especially in the tech space.

That's really interesting.

So as an investor, you're a chief investment officer for a large firm, not so much attention on the politics.

I like how you made reference already to the transition from an investment-driven economy to one now much more focused on technology, growth, entrepreneurship.

Richard, when you made reference to the investment phase, were you referring to that period of time where there was investment into infrastructure in China and the late 1990s, early 2000s.

Is that the period of time that you were talking about when we saw a lot of investment into infrastructure as well as real estate?

Yes, exactly.

From 1990s to 2018, China has been experiencing very high growth investment on the infrastructure, mainly focused on railway, highway, and building material.

That has been made a good foundation for China to accelerate its economy, to transform the economy from investment to technology-driven economy.

In that decade, I think and things have been changed significantly because based on basically the world-class infrastructure in China, Chinese companies began to embrace the new technology to further develop this business to move up the value chain from the bottom to the high-end manufacturing.

That's exactly what happened in China across different industries.

I think something is quite interesting in that space.

I agree.

That's a very interesting way to frame it.

It's true.

An extended period of investment, you made reference to railways, highways, but even ports, airports, significant investment in Chinese infrastructure.

But as a result of that, you've seen a broadening out of industrial investment in China.

And as you said, moving up the value chain.