China Mechanics

Why Huawei Now Sits Inside My China EV Underwriting

Huawei doesn't build a car. It collects a platform toll — a third of every yuan SERES paid its suppliers, RMB 56 billion in FY2025.

13 hrs ago • Philip Reschke

City Mechanics: What Chongqing Taught Me About My Portfolio

My portfolio had more Chongqing in it than I understood. My trip sharpened one position — BYD — and surfaced one signal I am now watching.

Apr 23 • Philip Reschke

50,000 Factories: What China's AI Mandate Means for My Portfolio

Beijing set binding KPIs — 50,000 factory upgrades by 2028 — with SASAC enforcing SOE compliance. The captive demand across EVs, telcos, chips, and…

Apr 11 • Philip Reschke

My One-Person-Company Bet: Who Gets Paid First in China?

I am not betting on China inventing the best agent. I am betting on China making digital labour habitual — and on the companies that already own the…

Apr 6 • Philip Reschke

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