Why Saurabh Mukherjea is still gung-ho on specialty chemicals, adding to Little Champs portfolio

economictimes.indiatimes.com:

Saurabh Mukherjea, Founder, Marcellus Investment Managers, says «China's economic boom over the last 20 years supported commodity prices. China's economic unwinding, perhaps its economic collapse over the next 10 years, will have a deflationary impact. As and when that becomes apparent to bond markets and to central banks, the narrative that we are close to the top of the interest rate cycle will solidify. And therefore, the jitteriness that we see around interest rates, will abate over the next 12 months.»

Mukherjea further says: «We are making several additions to Little Champs. We are quite enjoying the jitteriness in the market. So the one I can talk about is RHI Magnesita. We have added RHI Magnesita to Little Champs portfolio. This is actually very similar to what we did with GMM Pfaudler four years ago.»
There seems to be a bit of a change in the macro narrative, whether it is local or global. Locally, we can blame it on tomato prices and onion prices. Globally, we could blame it on what is happening to the dollar index and how China is moving?
The macro narrative is probably the best we have ever had.

I cannot remember a juncture in Indian history where the economy is running at 6.5%. We are close to the top of the interest rate cycle and the Chinese economy is blowing up in front of us. China blowing up, the fact that they are struggling with GDP growth, with exports, with employment has massive implications.