Alice Han

Can you walk us through that a little bit?

Because I find that fascinating when we think about the introduction of these Western companies like Apple and Tesla, that in a way they kind of kickstart a domestic ecosystem that wouldn't have existed without them.

That's a great way to think about it.

Patrick McGee, thank you so much.

This is a great case study for how hard it is to actually decouple from China.

Patrick McGee is the author of Apple in China.

Patrick, thank you so much for your time.

All right, James, it's predictions time.

What's your prediction for the week?

Well, James, it's good to put your money where your mouth is.

And so we'll see at the end of next year whether or not we drink a toast to that trade.

Okay, so my prediction is more on the back of French President Emmanuel Macron's recent trip to China, which felt very Gaullist.

You know, if you're a student of history and the 60s, you'll understand why.

The fandom that he received in China was pretty incredible.

But I think it's paintball.

over a relationship that is deteriorating between Europe and China.

Europe runs a huge deficit with China to the tune of $350 billion in 2024.

I could see the Chinese offer olive branches, so to speak.

There were Airbus officials there.

Now, in the past, they've had Airbus officials in previous trade deals.