Action Timeline

Immediate: Monitor for increased diplomatic and economic interactions between China, Russia, and North Korea. Assess immediate impacts on commodity prices and currency markets, particularly the yuan and ruble.
Short-term: Evaluate strategic shifts in global supply chains and defense procurement as nations respond to the evolving geopolitical landscape. Consider opportunities in alternative financial systems and hard assets.
Long-term: Track the progress of China's military modernization goals, specifically the integration of cyber, space, and AI capabilities. Observe the development of any joint military exercises or operational doctrines among the aligned nations.

Risk Assessment

Geopolitical Tensions: The strong alignment between China, Russia, and North Korea heightens the risk of regional conflicts, particularly concerning Taiwan and the Korean Peninsula.
Market Volatility: The ongoing de-dollarization trend and geopolitical realignments can contribute to increased volatility in currency, commodity, and equity markets.
Regulatory Risks: Companies involved in defense, advanced technology, or critical minerals may face heightened scrutiny or new regulations from various governments based on their geopolitical alignments.

Key Indicators

Military Modernization Milestones: Public unveiling and operational deployment of new Chinese military technologies serve as indicators of future defense capabilities and potential export markets.
Economic Integration: The expansion of non-dollar trade, especially yuan-ruble transactions, and the development of new cross-border infrastructure projects signal deepening economic alignment.
Diplomatic Alignment: Increased high-level meetings and joint policy statements from China, Russia, and North Korea will indicate the strengthening of their strategic partnership.

Regional Perspective

In Northeast Asia, the parade reinforces a united front between China, Russia, and North Korea, challenging the existing regional security architecture. The presence of Putin and Kim in Beijing signals a deepening strategic partnership aimed at countering U.S. influence and alliances in the region. This could lead to increased regional trade and cooperation among these nations, potentially impacting established economic and security frameworks.

Immediate Implications

The visible alignment of China, Russia, and North Korea signifies a robust challenge to the current global geopolitical order.
Opportunities may arise for businesses involved in facilitating alternative payment systems and non-dollar trade.
Heightened geopolitical tensions could lead to increased defense spending globally, benefiting the defense sector.