We cant never take China out of the global supplychain, now even more so in mid to high end supply (energy too). If the actual market equilibrium is never China vs. US winner-take-all but a global level coopetition. So relative-value trade on how quickly that valuation spread converges is the highes
The article discusses China's continued importance in global supply chains and energy, advocating for a relative-value trade based on valuation spread convergence.
We cant never take China out of the global supplychain, now even more so in mid to high end supply (energy too). If the actual market equilibrium is never China vs. US winner-take-all but a global level coopetition. So relative-value trade on how quickly that valuation spread converges is the highes
I dont think the world can ever take China out of the global supplychain, now even more so in mid to high end (energy & industrial too, china now supplies large portion of energy and electricity to where the marginal new manufacturing capacity are moving into ie Viet etc ). If the actual market equi