Gentleman thanks for your most informative, crystal clear discussion about China's economy free of the anti-China propaganda so common in the Western media. I was just in China and was completely "blown away" at the infrastructure and technological prowess. Restaurants and shops full of customers. Not quite what has been reported. I plan on going back in March and probably again in the Fall of 2024. China's success is the best revenge against its many detractors!
Love when any commentary that doesn't put China in a good light is antii-china. People who do that should be arrested? His business is in HK so that won't be going well. So I would expect him to talk up China. His financial livelihood depends on it
@@Andy-Pyou realize how ridiculous your comment was? The guy was simply saying LVG and the host were able to talk about China without geopolitical nonsense. How was that “talk up”
@@hdvoice Agreed this interview was good and mainly neutral. Geo politics isn't non sense when investing in China and Chinese stocks have been poor performers 90% of FDI into China last year came back out again. I'll listen again to see if I missed something. Evidence to say he is bias is criticing Japan Yen. Both China & Japan engage in merchantilism with intervention in the currencies But one country is underming the west while the other isnt
@@Andy-PChina hawks always assume 3 things about anyone saying anything positive about China: 1. They’re getting paid by CPC 2. Their business depends on saying only things CPC approves of 3. They or their family work for the CPC Why is it so hard for Westerners, especially Americans, to believe anything positive about China? China has 6-day, Visa-free entry for anyone to visit. Go and see for yourself. Break free from being brainwashed by western MSM.
I recently had dinner with a cousin who works for TSMC in Taiwan who concurred with the reports that the company has had difficulty in finding engineers to staff its new Arizona operations. Not surprisingly there are not many American professionals willing to work the standard 12 hour work days, 6 days/week (996) typical of Taiwanese employees. He points out the differences in work culture and company expectations. Not what Biden and Congress had expected.
@@Andy-P Americas working conditions for white collar jobs and not the service industry were more often than not needs to work 2 jobs to support their families. Get your facts right/straight. It’s hilarious how people like you don’t understand or realize the reality of federal minimum wages of $7.25 per hour when cost of living caters to the white collar and elites.
As a tar heel family, I still can not accept the fact that Louis went to Duke， even though I like his ideas. All joking aside, one indicator of Chinese economics size is Chinese military spending vs their military size. China spends 1/3 of what US spends, but get a large and comparable military.
Thanks for the wonderful conversation, it's fun, honest and thought provoking. Please get him back more often...Gave is one of the least ideology-afflicted and most lucid insightful and honest investment guys out there🥰🥰🥰. Also Steve asks the most probing/re-focusing questions, and sometimes teases out the key points very timely for listeners as Gave immerses in his poetic piling up/framing--it's despairing when you know too much but have so limited time to say it.🥰
Excellent points all around. Regarding the higher youth unemployment rate, that explanation aligns with my own experience of Chinese families. If the kid attended college and is staying home and waiting for a white collar job, most likely their family is still well-off by Chinese standards. That means two parents, gainfully employed, and saving most of their money for their single child. That also means four grandparents, all gainfully employed and either still employed or retired with their pensions, also saving most of their money for their single grandchild (or ~2-3 grandchildren, if preceding the policy). That also means the kid can expect an inheritance not only of money but of their parents' property or properties, as well as their grandparents'. It is a challenge to provide more white collar jobs as China transitions to a higher-value jobs market, for sure, but it is by no means a cataclysmic event as so often portrayed in the west.
While I am impressed with the deep insights of Monsieur Gave I would love to get some insight on actionable investment insights. Maybe another podcast or do I have to pay to subscribe to the Gave-Kal publications?
Gave's opinions are so relevant to the whole issue of progress based on achievements of the Chinese students. Though those with preconceived ideas are really simpletons who either could not compete or simply racists. Based on all international "competitions" on STEM subjects, the Chinese students practically stole all the top medals and surely they will carry such knowledge to their workplace. Anywhere, I don't think the Chinese leadership is unduly concerned with the negative opinions circulated across the world, as they are getting the results they have projected especially in infrastructure and manufacturing.
All the anti China and sinophobic western narratives are but empty talks for China. China will not allow such narratives to distract it from what it planned to achieve.
Can the host stop interrupting and let Louis finish????? What is the purpose of the interview? To interview or to express yourself? I am here to listen to Louis!
0:16: 🎙 The host interviews Louis Gave, who shares his colorful background and career trajectory from the French military to founding his own firm in Hong Kong. 6:50: 🎖 The video discusses the speaker's experience in the army, the valuable lessons learned, and a comparison between different types of rifles. 13:08: 🔫 The video discusses the use of different types of guns, the gun culture in America, and the founding of Gavekal in Hong Kong. 20:00: 📈 The video discusses the advantages of living in Hong Kong, the comparison between China and the West, and the growth of human capital in China. 27:03: 📈 The video discusses the impact of human capital, declining enrollment of Chinese students in US universities, and the real estate consolidation in China. 33:48: 🏢 The video discusses the challenges faced by the Chinese real estate market and the government's response to it. 40:51: 📈 The video discusses China's rapid growth in various industries and challenges the perception of IP theft in their technological advancements. 47:45: 📊 The video discusses the comparison of the Chinese and U.S. economies, focusing on nominal GDP and the differences in their manufacturing and service sectors. 54:44: 📈 The video discusses the impact of income distribution on consumption and the challenges faced by China as its economy grows. 1:01:41: 📈 The video discusses the impact of high college attendance, the effects of the one-child policy, and the rise of entrepreneurship in China, as well as the US trade surplus and debt obligations. 1:08:32: 📈 The video discusses the impact of the US budget deficits, geopolitical tensions, and China's strategic moves on the global economy and energy market. 1:15:37: 📈 The video discusses the potential impact of China's oil imports, the US deficit, and the risk of dollar depreciation on global financial markets. 1:22:32: 📉 The video discusses the impact of the bond bear market and offers strategies to protect portfolios against inflation and fiscal policies. Recap by Tammy AI
Excellent video content. However, life swings like a pendulum…wants peace, not enough peace.. between 0 to 100% fair are 100% unfair, like wise, between 0 to 100 peace are 100% wars.
Nothing like Joe Kernan on the CNBC morning show. Where Ray Dalio, the most successful hedge fund manager ever had to say “let me speak!” In a very exasperated voice. None of that happened here.
For as long as public spending remains out of control, neither taxes or inflation will solve the debt problem. Everything starts with a severe reduction of governamental spending so we stop the bleeding, and then we can decide whether we take the tax pill or the inflation pill.
Yes this make sense we have restaurant in Canary Wharf chinese Cooper hotpot restaurant and it been very quiet since Covid-19 we used have all Chinese students but very quiet now and not the student we used to have and what you say make sense
The U.S. is nothing without foreign born top researchers, scientists and suppler skilled people and vast majority of them are Chinese and other Asians. Although Most the innovations created in the U.S. are the results of hardworking by the Chinese, the Jews and white Americans took the credit. To the public, the Jews and white Americans pretend as if they are the ones who made the contribution to American society not the Chinese. Make things worse, in the U.S., the media and political parties constantly spread anti-China sentiments and discredit and suppress China’s success stories. All of these is to paint a dark and backward impression about the new China and to fool the world.
In China/HK….you have freedom back!!! You can live your life, hire a helper and get on with building your business up. I feel for those struggling middle aged females fighting on both business/career front and family raising in the west. They don’t know the alternative and safe environment of a place like HK. REAL Freedom
This Louis French man is so rounded with knowledge that he can easily beat any Chinese not staying in China. He should go back to France and lead France to be number 1 of Europe.
Incomes don't follow a bell shaped curve. @56 minutes the guest goes into this discussion but his whole premise is flawed. Incomes don't follow a normal distribution. They follow a completely different curve called, the Pareto distribution. (Which also, as it turns out, has a completely different shape than the bell curve.)
@@relax-ie3mp He's right in the effect, but in premise, I mean he gives entirely the wrong reasons. He brings up the income distribution, and then uses the wrong statistical terminology to describe it.
Chinese universities are at a much higher level than the US. The top univerities in the US are very mediocre. Chinese university is at a much higher level than the US. And american tech is not possible without chinese-asians. Chinese who work in america have revolutionized the tech industry. So many inventions and the speed of elevating technology by asians in the tech sector. The invention of thin film is just ine revolutionary example. The cpus, gpus, quantum computing, etc. Its endless.
The moderator keeps cutting off the guest in the middle of important he is about to say by throwing in his personal anecdotes which is very annoying. I dont care about what your wifes family thinks, let the man finish his important insight
I don‘t see China catching up generally but in a few domains; afterall, ten times number of engineers don’t equate to 10 times innovation. It is a diversity of people and skills plus the environment conducive to open-minded exploration that bring about innovations.
Actually that’s a myth innovation at the highest levels requires huge professional and expert knowledge. It has very little to do with creative environments if you are talking about breakthrough in hard sciences and technology. The place where creativity is great is consumer products. But you want to solve technological difficulties creativity helps but it’s minimal. So meaning your communications network your high speed rail your rocket engines those don’t require that much creativity. The place where creativity is needed is more software and for example who do I use flexible LEDs besides screens.
Keep drinking the cooled. If you have not notice, the Chinese are carrying both science and math olympiad teams on both continents. Chinese team took more gold for the last two decades. That mean the team in China is the A team while the one in the States is the B team. Most of the Kids that can't make the gaokao have to resort to study aboard. The Anglo sphere have been saying the Japanese only know how to steal and copy tech in the 70's -90's. Their cars are crappy tin can that would never amount to anything. Now they are bashing the Chinese. The Chinese are no Japanese. They are not on a lease like the Japanese, so we have to see how well containment go.
This is one of the best podcasts on China I have listened to in a long time.
Except that the host really cutting in to guest’s speaking too abruptly and often. Still. It is a great program.👏🏽
😊😊😊😊😊
Louis-Vincent Gave is fantastic. I hope he has the luck he deserve. Really good interviewer also, a pleasure to listen.
L-VG is always worth listening to:
eloquent, informed, grounded.
Great to hear his backstory in the intro.
Gentleman thanks for your most informative, crystal clear discussion about China's economy free of the anti-China propaganda so common in the Western media. I was just in China and was completely "blown away" at the infrastructure and technological prowess. Restaurants and shops full of customers. Not quite what has been reported. I plan on going back in March and probably again in the Fall of 2024. China's success is the best revenge against its many detractors!
Love when any commentary that doesn't put China in a good light is antii-china. People who do that should be arrested? His business is in HK so that won't be going well. So I would expect him to talk up China. His financial livelihood depends on it
@@Andy-Pyou realize how ridiculous your comment was? The guy was simply saying LVG and the host were able to talk about China without geopolitical nonsense. How was that “talk up”
@@hdvoice Agreed this interview was good and mainly neutral. Geo politics isn't non sense when investing in China and Chinese stocks have been poor performers 90% of FDI into China last year came back out again. I'll listen again to see if I missed something. Evidence to say he is bias is criticing Japan Yen. Both China & Japan engage in merchantilism with intervention in the currencies But one country is underming the west while the other isnt
@@Andy-PChina hawks always assume 3 things about anyone saying anything positive about China:
1. They’re getting paid by CPC
2. Their business depends on saying only things CPC approves of
3. They or their family work for the CPC
Why is it so hard for Westerners, especially Americans, to believe anything positive about China? China has 6-day, Visa-free entry for anyone to visit. Go and see for yourself. Break free from being brainwashed by western MSM.
@@Andy-Pone country is under military occupation other is not. Sprinkle some geopolitics
I’m a Chinese from Singapore but I think Monsieur Gave knows more about Chinese than me!!
A fantastic, honest and enlightening conversation
I recently had dinner with a cousin who works for TSMC in Taiwan who concurred with the reports that the company has had difficulty in finding engineers to staff its new Arizona operations. Not surprisingly there are not many American professionals willing to work the standard 12 hour work days, 6 days/week (996) typical of Taiwanese employees. He points out the differences in work culture and company expectations. Not what Biden and Congress had expected.
I guess the young Taiwanese would love to work in America with its better working conditions?
Thanks for that insight, wow didn't know they work like that. Suppose that's the Japanese traits from WWII.
@@Andy-P Americas working conditions for white collar jobs and not the service industry were more often than not needs to work 2 jobs to support their families. Get your facts right/straight. It’s hilarious how people like you don’t understand or realize the reality of federal minimum wages of $7.25 per hour when cost of living caters to the white collar and elites.
Ignorant much, last I remember, Confucious is not Japanese.@@SagittarianArrows
they now import guys and girls from Middle East Asia and Europe to work at their location in Arizona, long live immigration.
Great interview. Best I've heard on China since long. Aligns with my own experiences. In all the propaganda this is great
As a tar heel family, I still can not accept the fact that Louis went to Duke， even though I like his ideas.
All joking aside, one indicator of Chinese economics size is Chinese military spending vs their military size. China spends 1/3 of what US spends, but get a large and comparable military.
This guy has figured out many things 👍
Thanks. It is always a good listen to any of LV Gave's conversations.
This deserves much more views than currently has
Thanks for the wonderful conversation, it's fun, honest and thought provoking. Please get him back more often...Gave is one of the least ideology-afflicted and most lucid insightful and honest investment guys out there🥰🥰🥰. Also Steve asks the most probing/re-focusing questions, and sometimes teases out the key points very timely for listeners as Gave immerses in his poetic piling up/framing--it's despairing when you know too much but have so limited time to say it.🥰
Steve’s last name? Why Manifolds?
Amazing interview 😳 More guys like this pls. Man what a based little podcast :)
Excellent points all around.
Regarding the higher youth unemployment rate, that explanation aligns with my own experience of Chinese families. If the kid attended college and is staying home and waiting for a white collar job, most likely their family is still well-off by Chinese standards. That means two parents, gainfully employed, and saving most of their money for their single child. That also means four grandparents, all gainfully employed and either still employed or retired with their pensions, also saving most of their money for their single grandchild (or ~2-3 grandchildren, if preceding the policy). That also means the kid can expect an inheritance not only of money but of their parents' property or properties, as well as their grandparents'. It is a challenge to provide more white collar jobs as China transitions to a higher-value jobs market, for sure, but it is by no means a cataclysmic event as so often portrayed in the west.
Great conversation, do that again and more often.
A very interesting and insightful discussion on US- China economy in particular and world affairs in general.👍
Thank you for this, love it.
While I am impressed with the deep insights of Monsieur Gave I would love to get some insight on actionable investment insights. Maybe another podcast or do I have to pay to subscribe to the Gave-Kal publications?
My boy Ben Norton from Geopolitical Economy Report refrenced this analyst, that brought me here, really insightful perspective
Ben is a very special man whose eyes are open, unlike most RUclips creators.❤🎉.💯
@@bellakrinkle9381 Has Ben Norton ever talked about his personal background and how he ended up in Nicaraguan?
What a great podcast, thanks to the both of you!
Excellent analysis
Gave's opinions are so relevant to the whole issue of progress based on achievements of the Chinese students. Though those with preconceived ideas are really simpletons who either could not compete or simply racists. Based on all international "competitions" on STEM subjects, the Chinese students practically stole all the top medals and surely they will carry such knowledge to their workplace. Anywhere, I don't think the Chinese leadership is unduly concerned with the negative opinions circulated across the world, as they are getting the results they have projected especially in infrastructure and manufacturing.
All the anti China and sinophobic western narratives are but empty talks for China. China will not allow such narratives to distract it from what it planned to achieve.
Can the host stop interrupting and let Louis finish????? What is the purpose of the interview? To interview or to express yourself? I am here to listen to Louis!
Purpose is to air the most commercials, of course.
0:16: 🎙 The host interviews Louis Gave, who shares his colorful background and career trajectory from the French military to founding his own firm in Hong Kong.
6:50: 🎖 The video discusses the speaker's experience in the army, the valuable lessons learned, and a comparison between different types of rifles.
13:08: 🔫 The video discusses the use of different types of guns, the gun culture in America, and the founding of Gavekal in Hong Kong.
20:00: 📈 The video discusses the advantages of living in Hong Kong, the comparison between China and the West, and the growth of human capital in China.
27:03: 📈 The video discusses the impact of human capital, declining enrollment of Chinese students in US universities, and the real estate consolidation in China.
33:48: 🏢 The video discusses the challenges faced by the Chinese real estate market and the government's response to it.
40:51: 📈 The video discusses China's rapid growth in various industries and challenges the perception of IP theft in their technological advancements.
47:45: 📊 The video discusses the comparison of the Chinese and U.S. economies, focusing on nominal GDP and the differences in their manufacturing and service sectors.
54:44: 📈 The video discusses the impact of income distribution on consumption and the challenges faced by China as its economy grows.
1:01:41: 📈 The video discusses the impact of high college attendance, the effects of the one-child policy, and the rise of entrepreneurship in China, as well as the US trade surplus and debt obligations.
1:08:32: 📈 The video discusses the impact of the US budget deficits, geopolitical tensions, and China's strategic moves on the global economy and energy market.
1:15:37: 📈 The video discusses the potential impact of China's oil imports, the US deficit, and the risk of dollar depreciation on global financial markets.
1:22:32: 📉 The video discusses the impact of the bond bear market and offers strategies to protect portfolios against inflation and fiscal policies.
Recap by Tammy AI
Excellent discussion
It was very interesting and informative video, thanks much.
Awesome conversation 👍👍
Vincent is unique as a military man. Stud!
The founder of DJI dropped out of university. They are the most dominant manufacturing company worldwide in their area of manufacturing.
Great discussion. For more on how China is growing, find Michael Hudson: US imperialism, Krugman, de-dollarization, socialism, Palestine, China.
Less interruption from the host would be gentlemanly
Its a conversation, not a lecture
Good talk
this is the most insightful western analysis of Chinese economy I have seen in many years and trust me I have read a lot about the subject.
Exceptional 😃🇨🇦🙏
"Memories of Green" - Vangelis.... BLADE RUNNER
Awesome
Excellent video content. However, life swings like a pendulum…wants peace, not enough peace.. between 0 to 100% fair are 100% unfair, like wise, between 0 to 100 peace are 100% wars.
There's no competition in the sense that one is an economy and another is an economy with Chinese characteristics: different worlds!
Good conversation, is it possible to activate the share tab?
The host needs to STOP interrupting the guest. Most annoying!
Nothing like Joe Kernan on the CNBC morning show. Where Ray Dalio, the most successful hedge fund manager ever had to say “let me speak!” In a very exasperated voice. None of that happened here.
Agreed. The host constantly tries to interrupt. He's a bit of a show off
1:26:39 - "I'm actually, I'm actually in Beijing. I'm actually in Beijing next week." -- That says it all.
Agreed
Good interview. Way too many commercials.
The host is a bit annoying. He kept pushing the guest to agree which the him all the time!
Raising tax is not politically feasible, higher and longer inflation is the only way to cope with mounting public debt
For as long as public spending remains out of control, neither taxes or inflation will solve the debt problem. Everything starts with a severe reduction of governamental spending so we stop the bleeding, and then we can decide whether we take the tax pill or the inflation pill.
Wish he can point out all the day trading that goes into American GDP.
Yes this make sense we have restaurant in Canary Wharf chinese Cooper hotpot restaurant and it been very quiet since Covid-19 we used have all Chinese students but very quiet now and not the student we used to have and what you say make sense
It would be a blessing for the USA for China to become a security grantor in ME
The only wealth is peace
The U.S. is nothing without foreign born top researchers, scientists and suppler skilled people and vast majority of them are Chinese and other Asians. Although Most the innovations created in the U.S. are the results of hardworking by the Chinese, the Jews and white Americans took the credit. To the public, the Jews and white Americans pretend as if they are the ones who made the contribution to American society not the Chinese. Make things worse, in the U.S., the media and political parties constantly spread anti-China sentiments and discredit and suppress China’s success stories. All of these is to paint a dark and backward impression about the new China and to fool the world.
You interrupt your guest too much; let your guest speak, isn't that the point of having him on your show?
oil reserve - not so secret, the volume stored may be, but chines meedia has recently shown vlogs of the construction
In China/HK….you have freedom back!!! You can live your life, hire a helper and get on with building your business up. I feel for those struggling middle aged females fighting on both business/career front and family raising in the west. They don’t know the alternative and safe environment of a place like HK. REAL Freedom
This Louis French man is so rounded with knowledge that he can easily beat any Chinese not staying in China. He should go back to France and lead France to be number 1 of Europe.
Way too many commercials
❤❤❤❤❤❤❤❤❤❤❤❤❤
I wish Steve would talk less and let the guest talk more
Incomes don't follow a bell shaped curve. @56 minutes the guest goes into this discussion but his whole premise is flawed. Incomes don't follow a normal distribution. They follow a completely different curve called, the Pareto distribution. (Which also, as it turns out, has a completely different shape than the bell curve.)
I think the idea is that when the medium income increases, the consumption power increases by a multiple times.
@@relax-ie3mp He's right in the effect, but in premise, I mean he gives entirely the wrong reasons. He brings up the income distribution, and then uses the wrong statistical terminology to describe it.
Nothing makes you focus as a vague command in the army and one idiot fires on the wrong direction.
The host keeps interrupting the guest too much, let him finish.
Everyone stole paper from china. W/o paper, hard to design stuff.
I feel so offended when the asian host keeps digging into Gave's past life and not quickly getting to the topic of this video.
I wish the host would shut up. The guest is saying things interesting and important.
Chinese universities are at a much higher level than the US. The top univerities in the US are very mediocre. Chinese university is at a much higher level than the US. And american tech is not possible without chinese-asians. Chinese who work in america have revolutionized the tech industry. So many inventions and the speed of elevating technology by asians in the tech sector. The invention of thin film is just ine revolutionary example. The cpus, gpus, quantum computing, etc. Its endless.
The moderator keeps cutting off the guest in the middle of important he is about to say by throwing in his personal anecdotes which is very annoying. I dont care about what your wifes family thinks, let the man finish his important insight
The host is constantly interrupting the guest. Very frustrating
Chinese Tofu dreg power plants for cheap? Are you insane? They can build it next to your family ok?
I don‘t see China catching up generally but in a few domains; afterall, ten times number of engineers don’t equate to 10 times innovation. It is a diversity of people and skills plus the environment conducive to open-minded exploration that bring about innovations.
Actually that’s a myth innovation at the highest levels requires huge professional and expert knowledge. It has very little to do with creative environments if you are talking about breakthrough in hard sciences and technology. The place where creativity is great is consumer products. But you want to solve technological difficulties creativity helps but it’s minimal. So meaning your communications network your high speed rail your rocket engines those don’t require that much creativity. The place where creativity is needed is more software and for example who do I use flexible LEDs besides screens.
Keep drinking the cooled. If you have not notice, the Chinese are carrying both science and math olympiad teams on both continents. Chinese team took more gold for the last two decades. That mean the team in China is the A team while the one in the States is the B team. Most of the Kids that can't make the gaokao have to resort to study aboard. The Anglo sphere have been saying the Japanese only know how to steal and copy tech in the 70's -90's. Their cars are crappy tin can that would never amount to anything. Now they are bashing the Chinese. The Chinese are no Japanese. They are not on a lease like the Japanese, so we have to see how well containment go.
Too many fu cking adsss
Stop thinking RUclips owes you free listening.