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ValueWalk
ValueWalk
At approximately 9am local time on February 21, 1972, a Boeing 707 airplane dubbed Spirit of ‘76 landed in Shanghai’s Hongqiao airport. The airplane’s main door opened, and out walked US President Richard Nixon. The trip shocked the world. There had been no formal communication or diplomatic ties between the US and China for 25 years. And Nixon’s voyage not only normalized relations between the two countries, but it kickstarted decades of worldwide economic growth. Q4 2021 hedge fund letters, conferences and more Back then, the US was the richest and most powerful economy in the world. But as …