Decoding the Dragon
Jayant MundhraBy Jayant Mundhra
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 70 | Founded | 4 years ago | Last Issue | 3 days ago |
| Active | |||||
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decodingthedragon.substack.comLatest Issues
#70: Why is 99% of Russia-China trade now dollar-free?
The West tried to kill the dollar's rival by weaponising the dollar
Here is a fact that should make every policymaker in Washington stop and think.
When the United States and Europe froze half of Russia's central bank reserves and cut...
#69: Why is a $1.40 coffee toppling Starbucks in China?
The most improbable comeback in retail
I have been watching China’s coffee market for years, and I still find this hard to believe. Starbucks spent 26 years turning China into its second home. This year it effectively gave up and sold c...
#68: Why does China's beauty poster child spend 72% on ads?
Here is a number that stopped me cold.
In the first three months of 2026, Yatsen, the company behind Perfect Diary and the original poster child of China's homegrown beauty boom, spent 72% of its revenue on sales and marketing.1
Let that...
#67: Why did China build the world's tallest bridge, 625m up?
I used to file record-breaking bridges under national vanity. The tallest, the longest, the most expensive: trophies a country builds to feel big about itself.
I was wrong, and China's newest bridge is why.
On 28 September 2025, Guizhou p...
#66: Why does China control 80% of Congo's cobalt?
Here is a number that should unsettle anyone building an electric car, a fighter jet, or even a smartphone.
Around 80% of the cobalt dug out of the Democratic Republic of Congo, the country that alone supplies roughly four-fifths of the wo...
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Sharing data-deepdives daily 8.30am | Startup Investing at Dexter | Ex-Bain, Classplus | Author- Redemption of a Son
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