Thread by @RussellSieg

Why did Xi Jinping want to be Chinese Dictator for Life?

Maybe the other options in a demographically-doomed declining economy where he's not in control were too risky for him and his family?

China’s population is shrinking, fast
archive.ph/x7uzj

Jefferies "estimates China’s population will peak in 2022, which is almost 10 years earlier than UN estimates."

Holy $hit, look at that graph

Beijing Olympics 2022 could be peak of their population?

Who would want to raise children in a Surveillance State, anyway?

#SadPanda

Chinese Diaper manufacturers switching focus to Elderly ADULT diaper market

Oh no...
archive.ph/U2xFR

"forecasts predict that China’s population of people older than 65 will hit 365m by 2050 — equivalent to the world’s fifth-largest country."

A country of Adult Diaper geriatrics

"Chinese market for adult diapers could exceed infant products by 2025"

Jun Kato, an analyst at CLSA (Credit Lyonnais Securities Asia), said the crossover moment “could be earlier”, given the adult segment’s fast growth rate compared with infants, which is “barely growing”

the Big Panda will soon be wearing a Diaper

Big opportunity in the Adult Incontinence Market!

Going Long On Chinese Death Industry

Shanshan Wei, a portfolio manager at Tokyo-based investment fund Rheos Capital, is among those going long on Chinese death. “It’s a very unique investment opportunity. The potential is huge.”
archive.ph/iAqxe

“The ageing population in China will increase more and the death [numbers] will increase more. Every year there are 10m deaths, it will only go up further,” pointing to irreversible demographics and still-rising incomes.

All part of Xi Jinping's Chinese Dream, I'm sure...

Japan, as always, leads the way in the Geriatric Death Industry

"Investors in Japan have been transfixed in recent weeks by a land grab for Kosaido, Tokyo’s dominant crematorium operator whose shares have soared 88% before crashing by half."

Kosaido’s core business is in printing services but the company also manages roughly 80 per cent of all the cremations in Tokyo.

The investor jostling began two years ago when Bain Capital’s attempt to engineer a management buyout was thwarted by Yoshiaki Murakami,

a well-known Japanese activist investor and a convicted insider trader, who stepped in to gazump the bid before failing himself.

The things you learn in FT 🤦‍♂️

"Gazumping" occurs when a seller accepts a verbal offer on the property from 1 potential buyer, but then accepts a higher offer from someone else.

"Gazumping" can also refer to the seller raising the asking price or asking for more money at the last minute, after previously verbally agreeing to a lower one.

Hong Kong has such little open space, this is one of their packed cemeteries

Chinese family traditions pretty much guarantee that the funeral industry will be a cash cow long into the future

Fu Shou Yuan makes more than three-quarters of its revenues targeting middle- and upper-income people willing to spend about

Rmb100,000 ($15,600) on average for a grave site. In the first six months of this year, the company posted earnings of Rmb1.1bn, up 55 per cent on the previous year, and forecast “vast opportunities” as spending on death care services.

“With a traditional culture of filial piety, Chinese people always carefully attend to the funeral rites of parents and treasure their own historical legacy,” Bai Xiaojiang, the company’s chair, said in July.

#PremiumDeathServices

Wei said a company’s ability to offer a better “feng shui” remained an essential selling point. “You have to make the environment very beautiful, on the mountain. Some people are willing to pay the premium for these kinds of services,” she said.