Capital Misallocation

Capital Misallocation

China: The Real Story!

Benny & The Squirrel: Ep. 55 with Michael De Clercq

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Capital Misallocation and The Blind Squirrel
May 29, 2026
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In Episode 54, we welcome Michael De Clercq to the podcast. Michael is the CEO and founder of China Performance Group and someone “who has forgotten more about China than a lot of people will ever know”, having been doing business in China since the late 1970s.

Michael has just launched a Substack on China and Geopolitics. As you will be able to tell from our conversation, I have a hunch that Michael’s thoughts will become essential reading. Sign up here 👇:

Reflections on China and Geopolitics
Insights and reflections on China, global supply chains, trade, and geopolitics from five decades of firsthand operational experience inside China.
By Michael De Clercq

The show was recorded at 7pm EST on Thursday 28th May.


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Episode Slide Deck

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