Santiago Millán, Macro Strategist at Wellington Management, one of the largest asset managers in the world, joins Kopi Time to talk about China. Whether it is the macro outlook, space for further stimulus, policy stance, state of financial markets, regulatory framework, great power rivalry, tech war, green transition, or the overall investment thesis on the country, Santiago has nuanced insights to offer. His key point is to appreciate the complexities of a large, consequential, and rapidly evolving economy and society like China. Broad-brushed analysis almost always gets it wrong; we need to think deeply when it comes to China’s medium term direction, especially with respect to its undeniable role in global trade, technology, and movement of capital.