Alfredo Montufar-Helu

Head of China Center for Economics and Business at The Conference Board

Advising C-suites on how to build an edge in China

Tweets are my own

[Alfredo Montufar-Helu @Alfredo_MHJ]

@ChinaBeigeBook This is a 2023 news article…

[The Conference Board @Conferenceboard]

In this episode of #CSuitePerspectives, Steve Odland and Alfredo Montufar-Helu, Head of the China Center at The Conference Board, delve into the discussion on what steps #China may take to stimulate growth in its state-led economy.

Listen Now: https://t.co/XWETu5eOHg

[Alfredo Montufar-Helu @Alfredo_MHJ]

@fraguti03 Como esta Profesor? Mandeme un mensaje directo

[Alfredo Montufar-Helu @Alfredo_MHJ]

@Arturo_Sarukhan No. Hay autoritarismos en otros países. Y hay mucha migración de democracias a EU. Es mas básico, Embajador: la incapacidad de gobiernos de proveer seguridad económica a su población (i.e. en un mínimo, que no falte de comer). Hay autoritarismos que sí proveen esa seguridad.

[Alfredo Montufar-Helu @Alfredo_MHJ]

@michaelxpettis Time it takes to deliver a project might be 10yrs+. In CN less time, but still follows the logic I explained.
Problem is concurrent development of many projects w/o rigorous assessment of future social demand (needed for productivity), which rises likelihood of white elephants,

[Alfredo Montufar-Helu @Alfredo_MHJ]

@RLHeinrichs Would love to get the link to this story to confirm its veracity and dispel doubts that people are just reacting to headlines that are false and contributing to disinformation

[Alfredo Montufar-Helu @Alfredo_MHJ]

@SariArhoHavren Would love to get the link to this story to confirm its veracity and dispel doubts that people are just reacting to headlines that are false and contributing to disinformation

[Alfredo Montufar-Helu @Alfredo_MHJ]

@michaelxpettis So, whilst the question of whether infra projects are productive or not is a critical one, and should inform the pipeline that is brought to market, that projects are productive does not necessarily mean that there won't be debt issues.

[Alfredo Montufar-Helu @Alfredo_MHJ]

@michaelxpettis Infra can only be socioeconomically productive after delivery of projects, which takes time. Once delivered, it also takes time for productivity to be generated. And since in CN, these are public goods and not private investments, it takes even longer for ROI to cover debt

[Alfredo Montufar-Helu @Alfredo_MHJ]

I just watched Christopher Nolan’s Oppenheimer. Historically significant and a warning for our times.

[Alfredo Montufar-Helu @Alfredo_MHJ]

@EmilyZFeng This has been happening for quite some time already. . . since 2015-16 there was already a focus on risk managing outbound investments, and in 2018-19 in increasing the quality of infra projects that Chinese state capital was financing

https://t.co/wGzfbG3e1Y

[Alfredo Montufar-Helu @Alfredo_MHJ]

@HumansNoContext Closest time to midnight, meaning approaching, therefore it is A.

[Alfredo Montufar-Helu @Alfredo_MHJ]

@cctvidiots 40

[Alfredo Montufar-Helu @Alfredo_MHJ]

@elonmusk The game? Quite good IMO

[Alfredo Montufar-Helu @Alfredo_MHJ]

@EmilyZFeng Not really agree with the headline-grabbing proposal that XJP is the cause of China's economic headwinds. Such a statement ignores everything that drove and was generated by China's development model.

[Alfredo Montufar-Helu @Alfredo_MHJ]

@HumansNoContext Mexico

[Alfredo Montufar-Helu @Alfredo_MHJ]

@cctvidiots 12

[David Rennie @DSORennie]

This Yellen story is getting a little out of hand. True version: she was at a dinner organised by her own team and the US Embassy at 一坐一忘, a great Yunnan restaurant in Beijing’s embassy district, and those ‘shrooms she ate are porcini. Tasty but not psychoactive.

[Alfredo Montufar-Helu @Alfredo_MHJ]

It's quite usual to see Chinese holding two to three phones. . . asking them to buy Huawei for their work does not necessarily mean that they will stop buying iPhones.

[Alfredo Montufar-Helu @Alfredo_MHJ]

Chinese are not only saving more because of precautionary reasons, but they have become 'pickier' consumers. Value-for-money is key. And they can indeed splurge (e.g. Iphone 15), but it's getting harder to convince them to do this. . .