Daryl Guppy
Daryl Guppy is an international financial technical analysis expert. He has provided weekly Shanghai Index analysis for mainland Chinese media for more than a decade. Guppy appears regularly on CNBC Asia and is known as “The Chart Man”. He is a former national board member of the Australia China Business Council. The views expressed here are his own.
Recent articles by Daryl Guppy
24 April 2025
Memory shapes China's response to Trump’s tariffs
To asses China's reaction to Donald Trump's tariffs we have to go back around 165 years.
14 April 2025
China doesn't need a free kick
Western and Australian observers are suggesting that Donald Trump just gave China a free kick to tilt Asia in its favour. Extending this inaccuracy, they broaden the free kick to include Australia’s Pacific family whose interests and cultures are very different to those of Asia.
3 April 2025
China can neatly sidestep Trump's tariffs
China cannot ignore Trump, but it can evade him.
15 March 2025
China flotilla reporting misses the obvious
The failure of media to ask obvious questions was on full display as three ships from the Chinese People Liberation Army-Navy completed their circumnavigation of Australia.
7 March 2025
Resolving insolvency: Tariffs are key to Trump's solution
Donald Trump has resorted to tariffs, imposed against friend and foe alike. There are no compromises or special deals because it’s not about favours for friends, or compliance, or punishment. Tariffs are part of a desperate bid to stave off insolvency.
15 February 2025
Paging the lady and the lamp
Of all the horrors that emerged from the Nuremberg war trials it was a simple lampshade that was amongst the most confronting and memorable. The systematic murder of six million Jews was simply too large an atrocity to truly comprehend, coming as it did after the mind-numbing numbers of war dead in Russia, Europe and amongst the allies.
5 February 2025
Western commentators still unable to see the advances in China
China today is not the China of the pre-COVID age, but many commentators think it is still an economy based on cheap manufacturing.
24 January 2025
US "blunt force trauma" trade strategy treated with Chinese acupuncture
At this time it seems impossible to avoid discussing President Trump and his approach to China. What is less often discussed is China’s approach to Trump.
22 January 2025
Australia must choose between economic prosperity and subservience to the US trade and military agenda
Australian Government cabinet papers from 30 years ago show that Australian leaders suspected that the claims of weapons of mass destruction in Iraq were probably false. However, Australia committed troops because Australia wanted to ingratiate itself with the United States and was prepared to break international law to do so. This sets the standard for Australia’s willingness to co-operate with any Trump-led escalation of efforts to undermine China economy with tariffs and sanctions.
10 January 2025
Setting ASEAN glue
ASEAN preference for resolute neutrality will attract increasing pushback from major foreign players who have less respect for the concept.
21 December 2024
The US is about to launch an open attack on global trade stability. Can China defend the existing order?
The threat by president-elect Trump to place 100% tariffs on any country that backs any other currency to replace the US dollar is an open attack on global trade stability.
9 December 2024
Options for global trade
Australia and the United States believe China is hegemonic. China uses a different approach to international engagement, and that means Australia fails to understand China's appeal to the region and the global south.
24 November 2024
From non-aligned Indonesia, a picture paints a thousand misunderstandings
There is more to the eye in the official photo and video of Indonesia President Prabowo on the phone to President-elect Trump. Australia misses the vital details.
21 November 2024
Gaza rots the soul
Gaza - what can we do about Australia’s complicity in this abhorrence? It is a question that rots the soul...
16 November 2024
APEC – Disintegration or defiance?
The APEC Peru agenda has been hijacked by the spectre of a Trumpian attack on its foundational principles. China provides the only viable counterbalance.
24 October 2024
Australia neither moral nor powerful
When did Australia lose its morality, and along with that loss, its status as a respected middle power?
17 October 2024
Sulking over China
Western leaders live in a special fairyland where they believe they know what is best for China.
29 September 2024
Penny Wong's fig leaf reveals more than it hides
Around 1541 the “Fig Leaf Campaign” was begun by Catholic fundamentalist, Cardinal Carafa. Between 1758 and 1759, Pope Clement XIII delicately covered the offending parts of even more sculptures in the Vatican's collection with fig leaves.
23 September 2024
Paging a new rogue state- state sponsored terrorism
Exploding pagers and two-way radios. What a brilliant act of ….. state-sponsored terrorism. Or a classic destruction of an adversary’s command and control communications ability.
16 September 2024
Aiding and abetting and war crimes
The participation of four Israeli arms companies in the Land Forces International Land Defence Exposition in Melbourne is a clear instance of the Australian Government aiding and abetting the commission of an ongoing war crime in Gaza.
30 August 2024
Beyond US hegemony: creating a visceral fear of China
It is difficult to understand why Senator James Patterson and dewy eyed Defence Minister Richard Marles think of China as part of a threat environment. There is a remarkable agreement between these two defence mavens from the opposite sides of politics that has a common source.
16 August 2024
NATO threatens Asia-Pacific stability
Fear of China is often used to explain NATO’s desire to expand into Asia. The headline reason masks a longing to restore a romanticised empire.
5 August 2024
Steady as she goes
China's Third Plenum consolidated the significant changes in policy direction foreshadowed in previous quietly implemented policy designed to progress towards the goal of common prosperity.
26 July 2024
The insignificant seven
In a blow that will strike little fear into the hearts of the Israeli Government, Foreign Minister Wong has announced sanctions against seven West Bank settlers.
17 July 2024
NATO becomes OTAN
The NATO logo dominated meetings at the anniversary conference in Washington. The logo includes a reversed rendition reading OTAN. The final communique at the anniversary conference had some wondering if OTAN was an acronym for Oriental Territory Attack Node.
10 July 2024
Slaughter, not war
My copy of Iris Chang’s THE RAPE OF NANKING is missing its collection of historical photographs. Having seen them once, I could not bear to see them again, nor risk my teenage son coming across them, so I ripped them from the book.
24 May 2024
ICC takes a scalpel to Western moral authority
With the surgical precision of a scalpel, the International Criminal Court (ICC) has severed what remained of the moral authority of the West.
17 May 2024
Polly Waffle policy
Some readers will remember the Polly Waffle snack bar. This favourite was a hollow crunchy biscuit tube, coated with chocolate and filled with fluffy marshmallow. After a significant break in production, the Polly Waffle has been re-introduced to the Australian market. Many of us waited with bated tastebuds to sample the resurrected Polly Waffle.
28 April 2024
Australia's new defence strategy fights last war
The Ukrainians changed the face of modern warfare with inexpensive Chinese-made drones equipped with cheap Chinese-made cameras. These provide both battlefield intelligence and a platform for delivering destructive weapons.
3 April 2024
The banality of evil redux
Hannah Arendts BANALITY OF EVIL report on the Eichmann trial failed to adequately address a key question. How could the German people not have known and how could they have let the holocaust happen?
28 March 2024
What does Gaza stand for?
The unreasonable delay by the United States in supporting calls for a ceasefire has resulted in thousands of needless deaths that could have been prevented by a simple US vote. This obstructionism and the lack of leadership is an eternal shame for a country that purports to claim moral leadership and respect for the international rules based order.
26 March 2024
Arc of history favours Wang Yi
The long arc of history dominated the discussion between China Foreign Minister Wang Yi and former Australian Prime Minister Paul Keating. In the main, (it) was a big picture discussion about the geostrategic balances and influences in the world, Keating said.
17 March 2024
ASEAN carpet baggers
Without a hint of embarrassment, Australian Treasurer Chalmers declared that ASEAN was ripe for the plucking by Australian business turbocharged by a AUD$2 billion fund.
6 February 2024
Hold the outrage
We need to be careful with the outrage over the sentencing of Yang Hengjun in China.
9 December 2023
China seeks harmony not hegemony
China has a continuous civilisation for 5,000 years Sun Yeli, CPC central committee member said when launching the World Conference on China Studies in Shanghai. The challenge is to promote understanding of this continuity and the way it shapes current policy. Civilisation is more than culture. Its the way China approaches the world and that is very different from the way Western countries think about the world.
16 November 2023
Tuvalu: A good deed, gone bad
Australias offer to Tuvalu, allowing residents facing displacement from climate change to resettle in Australia, was clearly a good deed. It was an act of humane generosity. But the good deed was besmirched by the conditions attached to it. In return for this good humanitarian deed, Australia will have effective veto power over Tuvalu's security arrangements with any other country.
17 September 2023
Smothered indigenous voices
This is a story of what a voice can achieve and how easily it is undone by external forces.
7 August 2023
AUSMIN death knell for diplomacy
The AUSMIN talks confirmed Australias status as a client state of the United States. Its shift has taken years but this is a significant change from the previous status of a friend, or ally, because it hands a significant slice of Australian sovereignty to a foreign power. The degree of military integration foreshadowed by Secretary of Defence Lloyd Austin and enthusiastically endorsed by Australia's Defence Minister Richard Marles suggests that future decisions around conflicts in the region will be made by America and rubber stamped by Australia.
26 July 2023
Leaders still long to entice Nato Eastward
From Vilnius, Lithuania, NATO cast its eyes east to the Ukraine. For the NATO secretary general, Jens Stoltenberg, there was a desire to look even further east beyond the Ukraine. He, some NATO members and invited guests, remain undeterred in their desire to bring NATO into Asia.
11 July 2023
Yellens Beijing visit: US-China economic reality is starting to bite
On China, Biden is faced with both a political problem, represented by his secretary of state, and an economic reality, represented by the Treasury secretary. Yellens visit suggests economics may be starting to play a larger role in the bilateral relationship, but the US will need to demonstrate consistent sincerity to see improvement in ties.
22 June 2023
Blinken's six words of stability
We do not support Taiwan independence. These were perhaps the most important six words spoken by US Secretary of State Antony Blinken during his China visit. They signalled the end of several years of deliberate ambiguity, vacillation and provocation in relation to US policy.
25 May 2023
Paths to global prosperity
Two major international conferences concluded in the past week. They demonstrated very different approaches to international relations. The China-Central Asia Summit considered new paths to genuine economic co-operation and development. The G7 reaffirmed its support for the status quo in the face of a changing global environment.
7 May 2023
India straddles competing global concepts
India as the Chair of Shanghai Cooperation Organisation (SCO) hosted the SCO Defence Ministers' Meeting on 28 April. Largely unreported in Western media, the meeting underlined important divergences in the narrative promoted by US-centric media that suggests India and China have irreconcilable differences.
25 March 2023
Australia's paper sea horse
Many a joke telling session starts with Have you heard the one about ? The latest joke in the ASEAN region is .the one about AUKUS?
11 February 2023
Far from dying, a new globalisation is emerging driven by China and the digital economy
An important feature of the new globalisation is Chinas Global Development Initiative and a renewed, non-exploitative focus on the Global South. The other is the growth of the digital economy and non-dollar-denominated digital currencies that enable cross-border trade.
29 December 2022
Australia flies into The Thucydides Trap
America's newest nuclear stealth bomber was unveiled by Defence Secretary Lloyd Austin. It is the latest expression of the Thucydides Trap which postulates an inevitable war between America and China.