Results for “Louis-Vincent Gave”

Chinese global trade went down 20% and Chinese exports collapsed by 25%. This had an immediate effect whereby factories along the coast, in the last quarter of 2008 alone, fired between 20-30 million migrant workers.

Founder of Gavekal Research & Investment Strategist

China's main comparative advantage for the past couple of decades has been cheap labour. What if we move to a world where, because robots are so cheap… cheap labour doesn't really matter anymore? What will be China's main comparative advantage after that?

Founder of Gavekal Research & Investment Strategist

This is a very tough question because the correlation between growth and returns on assets in China has been completely non-existent. You have had this tremendous growth, with fairly lame returns for equity investors!

Founder of Gavekal Research & Investment Strategist

One way to think about reserve currencies is to liken them to an operating system for a computer. Today, everybody is on Microsoft… People complain that it crashes, it's slow and so on.. but nobody changes… why? because everybody else is on Microsoft and if you want to exchange files and work together, you have to be on the same platform.

Founder of Gavekal Research & Investment Strategist

We have to acknowledge that the global economic recovery that we started to see in 2009 was the first economic cycle since World War II that was not led by the US, but by China. We're seeing a cycle where China is now a leader, and experiences the biggest rates of marginal growth in the world.

Founder of Gavekal Research & Investment Strategist

Chinese global trade went down 20% and Chinese exports collapsed by 25%. This had an immediate effect whereby factories along the coast, in the last quarter of 2008 alone, fired between 20-30 million migrant workers.

Founder of Gavekal Research & Investment Strategist

As you move forward... there is the potential that the government can make a wrong-move but more importantly, now that the infrastructure has been built.. you have to question how long that growth model can last... Once you've built your motorways and railways, you're not going to build anymore!

Founder of Gavekal Research & Investment Strategist

What if we move to a world where, because robots are so cheap... cheap labour doesn't really matter anymore? What will be China's main comparative advantage after that?

Founder of Gavekal Research & Investment Strategist

One way to think about reserve currencies is to liken them to an operating system for a computer. Today, everybody is on Microsoft... but nobody changes... why? because everybody else is on Microsoft and if you want to exchange files and work together, you have to be on the same platform.

Founder of Gavekal Research & Investment Strategist

We have to acknowledge that the global economic recovery that we started to see in 2009 was the first economic cycle since World War II that was not led by the US, but by China.

Founder of Gavekal Research & Investment Strategist