Money Life With Chuck Jaffe Daily Podcast

Brendan Ahern, chief investment officer at KraneShares — which manages a number of funds tied to China — says that President Trump's recent trip to China was viewed very differently overseas than it was in America. In China, the trip was viewed very positively for establishing trade boards, improving communications and laying a foundation for future negotiations.  Domestically, however, the view of China has been that a tepid consumer is making the economy struggle, and that's before inflation kicks up globally based on oil prices. Ahearn, who also is the author of China Last Night, says China is prepared for oil and gas shortages, but it is looking at domestic consumption stimulus to help rev up consumers to help drive economic growth and improvement. "It's not all rainbows and unicorns over there, economically," he says, "but it's certainly not the apocalypse you would expect either." One statement in Ahern's Big Interview is that "There's no such thing as China-ex investing," meaning it's hard to buy any f