New Delhi, Sept. 25 -- President Donald Trump's summit with Chinese leader Xi Jinping puts a spotlight on the precarious U.S.-China relationship and how the two countries are grappling with matters from artificial intelligence to national security. With technology and geopolitics rapidly evolving, it might seem difficult to envision how either of the competing nations might gain the upper hand.

Nonetheless, argues Gavekal Research CEO Louis-Vincent Gave, some clarity can be gained by examining the financial burden each country faces for four essential areas: capital, labor, energy, and government. By Gave's math, most of these have shifted in China's favor, but that doesn't mean investors have to count out the U.S. just yet.

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