Damien Ma @damienics Twitter profile | Pikagi

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Damien Ma

@damienics

23,401

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Founder & Managing Director @macropolochina | adjunct faculty @KelloggSchool | author | eating & boxing | views my own

Chicago

https://t.co/FV6SHjRxWp

Joined June 2011

Don't wanna be here? Send us removal request.

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@damienics

Damien Ma

10 months

Nodes = production nodes Acquends = acquaintance/friend In this first draft idea, I make a case that the tension between nodes and acquends is the defining feature of this emerging order, centered around you know who. It comes down to ~40 countries:

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Reordering the Global Order: A World of “Nodes and Acquends” - MacroPolo

Roughly three generations after World War II, an interregnum has arrived again between the existing paradigm and the one that’s yet to fully take shape. While the global order has never been static,...

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@damienics

Damien Ma

2 years

One of my favorite China pics

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Damien Ma

4 years

What a teriffic series from Southern Media group - the nurses and doctors on the frontlines without their face gear

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@damienics

Damien Ma

2 years

Just realized that Harvard was founded in the same year as the Qing Dynasty but has outlasted it by about a century.

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Damien Ma

3 years

From Snowpiercer and Gangnam Style to Parasite and Squid Game, every Korean cultural product that's gotten big in US seems to revolve around the theme of inequality and fairness.

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@damienics

Damien Ma

4 years

All coronavirus memes can end after this one:

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Damien Ma

4 years

Sound like a broken record, but America's superpower is the ease with which it creates new Americans. It's the only superpower that is basically immune to IP theft.

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@damienics

Damien Ma

1 year

80% of Chinese talent that contributed to GPT-4 got their graduate degrees in US and ended up staying

@MacroPoloChina

MacroPolo

@MacroPoloChina

1 year

The AI race heats up and the contribution of Chinese talent to breakthrough products like OpenAI's ChatGPT cannot be ignored. Our latest piece looks into their role in generative AI and why the US needs to embrace foreign-born talent to remain competitive:

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Damien Ma

2 years

Beijing reveals NSA has hacked into universities, but slips in the reason they know it was America was cuz 1) hackers always clocked out at 4pm EST 2) never worked weekends So China is accusing the NSA of quiet quitting. Where's that 996 hacking ethos! h/t @ZichenWanghere

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@damienics

Damien Ma

2 years

How did a tire company become the industry standard by which restaurants are assessed?

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Damien Ma

3 years

Young tyrants

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Damien Ma

8 years

Louis C.K.: "Trump is...the worst of all of us. He is a symptom to a problem that is very real. But don’t vote for your own cancer."

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@damienics

Damien Ma

2 months

Bro-hug, quite the move by Xi

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@damienics

Damien Ma

4 years

Another angle for comparison: US economy = China + Japan + Italy but produced by just 1/5 of their combined population China economy = Japan + Germany + UK + France but produced by 4x their combined population

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@damienics

Damien Ma

3 years

In 1996, before the safety reboot began, U.S. carriers had a fatal accident rate of roughly one crash for every two million departures. Now, 0 fatal crash out of 8 billion passengers in last 12 years.

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The Airline Safety Revolution

No commercial airline in the U.S. has had a fatal crash since 2009. Here’s the story of the industry insiders who came together to build new systems and to allay the worst fears of air travelers.

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Damien Ma

1 month

First major hike post-chemo

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Damien Ma

5 years

Federer hasn’t played French Open in 4 years. Comes back and is now in the semis facing down Nadal, his greatest rival and probably greatest clay player in history. Tennis world goes crazy.

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Damien Ma

3 years

In 2020, China's population as % of world pop finally matches its GDP as portion of global GDP: both stood at 18%.

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Damien Ma

9 months

Still one of my favorite pics - Gandalf at the marriage market in Shanghai

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Damien Ma

3 years

Leaders w/longest consecutive years at top, democratic or not: Merkel: 16 yrs Mao: 27 yrs Deng: ~19 yrs FDR: 12 yrs Putin: 9 yrs Chavez: 11 yrs Xi: 9 yrs (so far) Anyone else to add to the list?

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Damien Ma

4 years

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Damien Ma

2 years

New picture on Xi's shelf upper right is of him and Jiang Zemin and Hu Jintao in younger days

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@damienics

Damien Ma

3 years

Xi's 100th anniversary speech is about as close to a "national myth" as there is. The plot is basically: 5,000 yrs ago: China born! Next 3,160 yrs: oh nothing happened 1840: China down and out! Next 80 years: tried a bunch of things 1921: Bam, the CCP comes to rescue

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Damien Ma

5 years

Just heard a good joke from Andrew Yang on a podcast: Q: how far ahead is China on AI than America? A: 12 hours

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Damien Ma

2 years

I feel like one thing we are underestimating is just how much WeChat has shaped the information environment over the last two years for Chinese people, particularly their views of America. Not sure this is gonna be a good outcome.

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@damienics

Damien Ma

10 years

Well, this just happened http://t.co/L84k3bbT3c

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Damien Ma

5 years

Remember the ethnic warfare 20 years ago? Now Rwanda is making smart phones entirely in country @Noahpinion

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Rwanda just released the first smartphone made entirely in Africa - Fast Company

Rwanda is becoming an innovation and tech hub.

www.fastcompany.com

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@damienics

Damien Ma

2 months

@jordanschnyc They already made one - "American Factory"

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Damien Ma

2 years

Based on Chinese readout, Xi views competiton as more of a relay race at the Olympics, the leader changes a lot and at the end of day, you can till get silver or bronze. He thinks US views competiton like MMA, going for full bloodied knockout.

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@damienics

Damien Ma

1 year

BREAKING: As a matter of national security, China just banned exports of admantium, a rare metal used in creating indestructible super soldiers.

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Damien Ma

3 years

If all true, this is kinda a big deal. You can't look at this and not think Chinese capital is gradually stitching together an entire continent. @gyude_moore

@SamRamani2

Samuel Ramani

3 years

This map shows China's railway construction plans in Africa.

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Damien Ma

5 years

From piece: California has 19,000 EV charging stations, or about the same # China adds in a month - yup, not so much that China is inventing the future but that it is excellent at deploying the present. That's something we've lost in US.

@caixin

Caixin Global

5 years

There are almost as many places to charge your electric vehicle in Beijing as there are in the entire United States:

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@damienics

Damien Ma

9 months

this is of course a Chinese mother: “So every time my mom sees me, she’s like, ‘I have an idiot for a son. Did you go to school? Did you actually go to school and get a PhD in finance? What is wrong with you?’”

Quant Who Told His Mom to Sell Nvidia Hasn’t Heard the End of It

When Jason Hsu saw Nvidia Corp. rally above $250 a share earlier this year, he gave his mom what he thought was a sage piece of advice: Sell your shares.

www.bloomberg.com

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@damienics

Damien Ma

2 years

Three weeks into Xi’s third term: - BRI marginalized - Wolf Warrior replaced with stabilizing China’s near periphery - Reconsidering zero covid even if moving cautiously - Reopening communication channels with US Not terrible so far…

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@damienics

Damien Ma

4 years

Only drones in China are dystopian

@CBSNews

CBS News

4 years

WATCH: A drone was seen flying over a Manhattan park on Saturday, urging pedestrians to “maintain social distancing.”

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Damien Ma

10 months

So the WSJ editorial board goes there - we should keep on supporting gasoline cars just to prevent China from taking over the EV industry:

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Opinion | Giving the West’s Auto Industry to China

BMW’s CEO warns that EV policies are harming Europe’s car makers.

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@damienics

Damien Ma

2 years

American and Chinese tennis players hugging at the net after a hard fought two sets - the kind of "great power" competition we can all cheer for.

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Damien Ma

6 years

A good Venn diagram or the best Venn diagram?

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Damien Ma

10 months

Basically all "apex industries" (aircraft, cars, chips, ships etc) are duopolies or oligopolies. China is poised to crash the car oligopoly now, and people aren't gonna be happy about that for a while.

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@damienics

Damien Ma

3 years

Official Chinese readout of the Anchorage talks - much less bluster: -aim for climate working group - discussed vaccine issues for foreign diplomats -foreign journalists and visa issues on the table -discussed normalizing visa and travel between the two countries - meet at G20

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@damienics

Damien Ma

3 years

Chinese economy passed 70% of US GDP in 2020. That's exactly where Japan got to in 1995 before it plunged into its "long" lost decade. This means we should anticipate many takes drawing on this parallel in coming months.

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Damien Ma

4 years

Future POTUS' China policy

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Damien Ma

7 years

Happy #LovingDay - we would not have been legally sanctioned before 1967.

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Damien Ma

1 month

Reason #346 why American food has gotten so much better. These sauce sections are common in most supermarkets today

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Damien Ma

5 years

New paper finds almost 100% pass through of tariffs to US importer, much less effect on China @scottlincicome @Noahpinion

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Damien Ma

5 years

Always mind boggling to think that for China to reach today’s US per capita GDP (~$60,000), it would have to be an $80 trillion+ economy, or roughly the size of the entire global economy today.

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Damien Ma

2 years

Money shot of the whole Party Congress speech was Xi and Hu Jintao having a friendly exchange and chuckle after Xi sat down. It's not the first time. Furthering reinforcing what I've thought for a while: Xi and Hu are actually much closer than people think.

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@damienics

Damien Ma

4 years

Three months into a global pandemic: 1) global supply chains didn't really fall apart 2) Internet around the world didn't crash as everyone went online 3) Food shortage scares didn't really materialize

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@damienics

Damien Ma

3 years

It's been more than 15 years since Lenovo acquired IBM's ThinkPad. They still remain excellent Microsoft laptops. Any national security risk yet? It's been 11 years since Geely acquired Volvo. They still seem to be selling well. Any national security risk yet?

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Damien Ma

1 year

A postcard kind of night

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Damien Ma

1 year

Not good... "In 2021, at least 1,400 US-based ethnic Chinese scientists reportedly switched their affiliation from American to Chinese institutions."

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Award-winning Chinese mathematician returns to Peking University from US

Sun Xin joins long line of US-based ethnic Chinese scientists who have switched their affiliation from American to Chinese institutions.

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@damienics

Damien Ma

5 years

PSA: oldest millennials turn 40 in two years

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@damienics

Damien Ma

4 years

Album name suggestions please to go with the album cover

@adam_tooze

Adam Tooze

4 years

Mao Zedong (center-left) and Zhou Enlai (far left) in Yanan, 1935 Amazing color work by “Olga”

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Damien Ma

5 years

Wow, Canadian Bianca Andreescu defeats Serena for her first grand slam. She's a child of Romanian immigrants. In fact, all of Cananda's top tennis players right now are children of immigrants.

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@damienics

Damien Ma

3 years

Vermont autumn

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Damien Ma

5 years

State sector = shock absorber. Always has been and always will be. And will never disappear.

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@damienics

Damien Ma

3 years

The Chinese high speed rail network has a net benefit of $380 billion adn ROI of 6.5%, even accounting for debt @MacroPoloChina

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Introduction - MacroPolo

Decoding China's Economic Arrival

@CatoInstitute

Cato Institute

3 years

Secretary of Transportation Pete Buttigieg wants to make the United States the “global leader” in high‐speed rail. That’s like wanting to be the world leader in electric typewriters, rotary telephones, or steam locomotives. #CatoTransit

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Damien Ma

5 years

How many more stories like this before narrative shifts that China advantage ain't about labor $$ anymore. It's about the manu/supply chain ecosystem it has built over 40 yrs. It's like WeChat or ios, everything you need contained in that ecosystem. Switching costs are high.

@AnaSwanson

Ana Swanson

5 years

China used to be the country of lead toys and toxic dog food -- but a decade on, it is actually one of the safer places to manufacture goods. Now as companies look to relocate their supply chains because of the trade war, the same risks are resurfacing.

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@damienics

Damien Ma

9 years

To get wifi password at this Beijing cafe, you have to solve the equation

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Damien Ma

7 years

Well, United gonna wake up to a huge China hangover tomorrow - video gone viral in China, key market for airline

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Damien Ma

8 months

Or put another way: Americans tend to look at America's staunch Asian allies favorably

@davidpaulk

David Paulk

8 months

Interesting survey findings from @pewresearch : Most Asian Americans View Their Ancestral Homelands Favorably, Except Chinese Americans

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Damien Ma

5 years

Sunday thoughts - trying to see how to distill China since Deng into four decadal periods, with each’s essence captured by an “ism”. Here’s what I got

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Damien Ma

3 years

2021 is almost over, time for Useless China Predictions 2022: 1/ In 2022, Evergrande will be renamed EverMeh after restructuring. 2/ In 2022, Beijing will pivot from assertive actions to just passive aggressive actions. 3/ In 2022, Gordon Chang will predict China's collapse.

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Damien Ma

2 years

New favorite Sichuan joint in Chicago. That mapo tofu may be one of the best I've had anywhere in America.

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Damien Ma

4 years

China bubble thought China gonna be major issue of election - it pretty much wasn't. China bubble thinks China will be major priority in first 100 days - it most likely won't be.

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@damienics

Damien Ma

4 years

China has two spots in the top 25 institutions for top-tier AI research, almost all are US institutions--still by far the best places to work for the best talent around the world: @MacroPoloChina @Noahpinion @erikbryn @tylercowen

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@damienics

Damien Ma

2 years

$6 billion for 1.5 miles. We are never getting high speed rail. If developing economies are subject to the resource curse, then perhaps we need to coin a new advanced economy disease of "rebuilding curse"

@2AvSagas

Second Ave. Sagas

2 years

The feds are going to fund $3.4 billion of the 1.5 mile, 3-stop extension of the 2nd Ave. subway, which will be built partially through pre-existing tunnels, and that's only somehow 49% of the total budget for the project.

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Damien Ma

4 years

Wow, these vintage photos of America before 1970 puts China's airpocalypse in context. US was an environmental wasteland for a long time. We are just living through China's industrialization in real time in the social media age:

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Vintage photos taken by the EPA reveal what American cities looked like before pollution was...

Before the EPA, the US environment was not federally protected. Photos show cities including Baltimore, Denver, and Los Angeles before regulations limited the damage.

www.businessinsider.com

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@damienics

Damien Ma

4 months

Oh look, Apple has been shifting supplier sites out of China (left) - what I tweeted previously But wait, look, Apple has also been relying on more Chinese suppliers over same years (right). This highlights the "made in China" and "made by Chinese firms" paradox

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@damienics

Damien Ma

7 months

What's up Seoul

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Damien Ma

16 days

When folks do retrospectives on China's EV industry, best give props to Wan Gang, the sci-tech minister in the mid-2000s. That dude pushed EVs like hell, and was the only non-CCP member at that level and a consummate technocrat

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@damienics

Damien Ma

5 years

Headline: Manufacturers Move Supply Chains Out of China Near bottom: "More than 100 companies have asked the Commerce Department to waive the latest 25% tariff on their imports because they say they can’t find suppliers outside of China."

Manufacturers Move Supply Chains Out of China

U.S. manufacturers are shifting production to countries outside of China as trade tensions between the world’s two biggest economies stretch into a second year.

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@damienics

Damien Ma

2 years

Yes of course, a solar boom must be followed by a falcon boom - Keynes said so

@wrathofgnon

Wrath Of Gnon

2 years

In Japan there is now a minor boom in falconry: crows are attacking solar power plants with stones, and the only effective way to keep crows away is to deploy falcons. One trained falcon making 60 attack sorties a day can protect 100,000 solar panels from vengeful crows.

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Damien Ma

6 years

Free market economy pushes non market economy to adopt a binding target. Target obsessed country says nah, we are not as into targets as you seem to be these days. #worldupsidedown

@natashakhanhk

Natasha Khan

6 years

A last-ditch effort from the U.S. failed to get China to accept its demand for a $200B cut in the U.S. bilateral trade deficit, as Chinese officials resisted committing to any specific targets after two days of contentious negotiations:

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@damienics

Damien Ma

5 years

Ok China, DO NOT respond. There's a book about what happens, I'm sure you read it, it was very popular in your country:

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@damienics

Damien Ma

3 years

Formative years - I had T mobile with that Nokia. And I'm still with @TMobile

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@damienics

Damien Ma

5 years

9.2 million Chinese high school students took the gaokao exam, about 6,600 got accepted to Tsinghua or PKU, a combined acceptance rate of 0.03%. One of the main examples in my book of how scarcity shapes competitive behavior in China...

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@damienics

Damien Ma

4 months

Same message from Chinese leadership over last few years: The center would like you to focus on X, but don't do X too fast, not everyone should rush into X, we don't want bubbles in X, we don't want redundancies in X. Now go do X well without any of that. High quality growth!

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Damien Ma

4 years

Hm, so Huawei apparently outsold Samsung in smartphones, China's Mars rover on its way (yes, ours too), and Beijing just finished its Beidou satellite system. The PBOC is about to launch its digital yuan. Sputnik you say?

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@damienics

Damien Ma

3 months

Interesting new Mckinsey consumer survey showing that Chinese EV owners' buyers remorse has gone up significantly over last year:

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Damien Ma

9 years

Also on Xmas, planes in Beijing had to be grounded because of this...

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Damien Ma

5 years

Haha, WeChat has already become Facebookified. Baby boomers and Gen Xers are taking over things invented by Millennials.

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Damien Ma

3 years

Purdue Universiry professor creates the whitest paint ever, which may work better than air conditioner in cooling buildings (it reflects 98% of solar radiation)

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@damienics

Damien Ma

3 years

1 in 5 guys thinks they can take on a chimp? A bonobo, possible but unlikely. A chimp, not even close, dead in like 30 seconds.

@crampell

Catherine Rampell

3 years

"Compared to women, men feel most able to take on medium-sized dogs and geese"

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Damien Ma

4 years

What's with WSJ headlines? Cuz South Korea doesn't count as democratic example, or Taiwan, or others?

For All Its Coronavirus Blunders, Italy Offers Hope for Other Democracies

The hard-hit country is turning the corner despite a reputation for a rule-defying populace and dysfunctional bureaucracy. Now the trick will be to revive the economy.

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@damienics

Damien Ma

2 years

If you didn't look, you probably missed the "campaign season" of Chinese elite politics. Now that the date of the Party Congress should be announced soon, here's a preview of the most consequential political confab of the year @MacroPoloChina

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Almost Here: The Most Consequential Political Event of the Year - MacroPolo

Now that Chinese Communist Party (CCP) leaders have emerged from the gathering in Beidaihe, the “campaign season” has entered its home stretch to the 20th Party Congress. Yet the quietude of the past...

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@damienics

Damien Ma

3 years

First Germany, now Henan. Wild fire smoke blowing across US. I think earth is trying to tell us something...

@NPR

NPR

3 years

According to Chinese state media, a year’s worth of rain fell on Henan’s provincial capital, Zhengzhou, from Saturday to Tuesday. They’re calling it the worst rains in 60 years. At least 25 people have died and 100,000 have been evacuated in Central China.

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@damienics

Damien Ma

2 years

Is there a Vietnamese restaurant somewhere called "Pho Sure"?

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Damien Ma

4 years

Worth watching: young Xi Jinping interview as PS of Zhejiang. Reminisces about his time as smoking and working in rural Xi'an, where he apparently lived in a cave for a while. The guy definitely has political skills:

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2004年習近平專訪——談做普通百姓的感受

2004年浙江省省委書記習近平接受媒體專訪，暢談在延安插隊時的經歷。他談了生活，工作和家庭的多個方面，以及在延安最青澀的回憶。包括怎麽學的抽煙；通沼氣池被噴了滿臉糞；幾個月沒有肉吃，後來見了生肉直接吃；十多年來每天給彭麗媛打電話；還有兩次哭的經歷。

www.youtube.com

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@damienics

Damien Ma

1 year

I'll repeat it 1,000 times, way too concerned about upstream metals that aren't actually that scarce. You drive up prices by controlling supply, just like on REEs. Mining and processing are the bottlenecks, not what's in the ground.

@gdp1985

Gerard DiPippo

1 year

Semiconductor/tech peeps, how much does this matter?

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@damienics

Damien Ma

3 years

Have people run numbers on whether it'd be cheaper to build a whole different NYC subway system or totally renovate/upgrade the existing one?

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Damien Ma

4 years

Also a pretty strong sign that America’s advanced industrial base has been largely intact, or else we couldn’t have pulled this off so rapidly. LA is mainly now an industry for US soft power, but it once was, and is now again, projection of US hard power.

@terryangelos

Terry Angelos

4 years

South African born, Canadian immigrant and American entrepreneur launches two US Astronauts into Space. America is an idea.

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Damien Ma

8 years

Chinese social media has good meme game - the 21st century Yalta

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Damien Ma

7 months

Just reinforcing the stereotype of Europe regulates, America innovates, China scales. The global "tripod of complementarity"

@ThierryBreton

Thierry Breton

7 months

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Damien Ma

4 months

This is what a third tier city in China does

@ChadGriffiths

Chad Griffiths

4 months

* checks calendar Nope, not April 1. The city with the highest skyscraper in the US will not be New York. Not Chicago. Not Los Angeles. Not Hosuton. This 1,907' tall skyscraper will be in Oklahoma City. Developer has secured $1.5B in financing and now hoping for a building

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Damien Ma

4 years

Pundits: BRI is an ambitious centralized strategy to trap counties in debt Scholars: BRI is a decentralized mess that would actually benefit from more centralization to execute better 🤔

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Damien Ma

6 years

Upon retirement, the great Alice Miller pens a valedictory on the "democratization" of China analysis, and what to do about it, that every student of Chinese politics should read:

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Damien Ma

3 years

"...it would be able to generate four times as much power as the Three Gorges Dam."

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China’s New Renewable Project Rivals All Wind and Solar in India

China has started building a massive renewable energy project that’s bigger than all of the wind and solar power in India.

www.bloomberg.com

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Damien Ma

4 years

Are we gonna realize over the next month that China apparently can now make a range of pretty high quality medical equipment and scale fast and export them to many countries? It's certainly an area that doesn't get much attention in media.

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Damien Ma

8 years

Once upon a time, China manipulated its own currency, but Russia manipulated US election...

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Damien Ma

3 years

Chinese capital made AMC theaters a lot nicer; Japanese capital made 7-11s much nicer; Korean capital made Netflix content much better; Perhaps we should keep this pattern going.

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