Independent thinking for a world in transition.

The author

Sun Yuren is an independent and institutional investor focused on macroeconomic cycles, industry dynamics and policy-driven market change. His writing draws on public data, institutional research and practical market observation.

The purpose

News explains what happened. IR97 focuses on the structure underneath: incentives, production capacity, regulation, financing and the constraints that determine what can happen next.

Independence

IR97 is a personal publication. It does not represent an employer, financial institution or portfolio company. Opinions are the author’s own and may change as evidence changes.