Louis-Vincent Gave: China Has a Crisis of Confidence

The Competent Investor · Feb 24, 2026 · 55m

Tom welcomes Louis-Vincent Gave to the show. Louis is Founding Partner & CEO of Gavekal Group, and he discusses his unique perspective on global economics, drawing from his extensive experience in Asia, particularly China. Gave argues that China has shifted from being a deflationary force to a reflationary one, a change driven by China’s strategic de-westernization of its supply chains, which initially led to a real estate bust and reduced domestic consumption. However, China’s newfound competitiveness in high-value industries has positioned it as a significant global economic force. Gave…