Shuli Ren, Columnist

Some 2025 Surprises: Hong Kong Tycoons, Luckin Coffee, Vietnam

China’s stock rout and the unwind of yen carry trades made 2024 exciting. Next year could be even more so.

December 22, 2024 at 9:00 PM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

2025 promises to be no less exciting than this year.
Photographer: Cheng Xin/Getty Images

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From China’s stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, “eat like a bird and poop like a cow,” 2024 was full of surprises. No one expects 2025 to be less exciting. Here are five unlikely-but-not-improbable events that you might want to consider.

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