# Yunnan Baiyao

The Re-education of China’s Buffett: Chen Fashu’s Tactical Retreat into Dairy

Legendary investor Chen Fashu has pivoted his strategy toward defensive blue-chip stocks with a major stake in Yili Group, following a career defined by both massive contrarian wins and a notable failure in state-owned enterprise reform. This shift reflects a broader trend among high-profile Chinese investors seeking stability and dividends in a maturing, less certain economic landscape.