China’s long game (E1394)
Max and Stacy ask whether China is the wise man pointing at the Moon, while America is the idiot looking at the finger. Charles Gave, founding partner and chairman of Gavekal Research, believes China is playing the long game, and the West will be left behind. Max continues his interview with Constantin Gurdgiev of Macroview.eu about deglobalization. They look at household formation numbers, trade wars against allies, and China’s lead on technology, like artificial intelligence.
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