The CCP’s 20th Party Congress has concluded. The main takeaway is that Xi Jinping has secured a third term and installed loyalists in key positions. Expect more of the same: a focus on building up state-backed national champions.

Yesterday, I published a post about the potential winners of a weak Japanese yen. Automakers, commodity producers, banks and semiconductor equipment makers are likely to benefit, while electric utilities and airlines will be at a disadvantage.

• Germany’s Abilitato Blog on Nippon Sanso (🇯🇵 4091 JP － US$6.7 billion) (German language)

• The Profit Hunting blog on ASX-listed tin miner Metals X (🇦🇺 MLX AU － US$154 million)

• Kenkyo Investing discussing nano-nano cap security service company Japan Reliance Service Corporation (🇯🇵 4664 JP － US$9 million)

(estimated reading time) ($ = behind a paywall)

• I wrote an essay: Who benefits from the weak yen? (16 mins) ($)

• Bridgewater: Progressing through the tightening cycle (9 mins)

• Crescat Capital: The golden era of macro investing (15 mins)

• Open Insights: 3Q2022 update on the crude oil market (13 mins)

• Think tank analyst Kamil Galeev on the war in Ukraine (18 mins)

• Can Yilanci: Value fund managers tend to sell winners too fast (2 mins)

• Asianometry: How is TSMC still growing? (7 mins)

• For fun: Japan Optimist Substack suggests products you can now buy cheaply in Japan thanks to the weak yen (6 mins)

(listening time)

• Smartkarma’s weekly forum on Ace Hardware, Roblox & Nexon (5 mins)

• Travis Lundy on Shinsei Bank, Toa Oil, and Toyo Construction (42 mins)

• Louis-Vincent Gave on the potential for a Chinese reopening (1:22 hours)

• Howard Marks discusses Oaktree’s investments in China (14 mins)

• Soo Chuen Tan of value investing firm Discerene Group (1:20 hours)

• Japan Times on Japan’s reopening of its borders (23 mins)

• Robert Chelliah on what it’s like running an organic farm in Cambodia (57 mins)

• Nikkei Asia Stream on China’s party congress & the future of the PRC (36 mins)

• Defence expert Elbridge Colby: Taiwan will not remain independent (20 mins)

• Stefan Aust, author of a book on Xi Jinping, about Xi’s future (25 mins)

• WSJ’s Lingling Wei on Xi Jinping’s impact on the Chinese economy (16 mins)

Thank you for reading!

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