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James Kynge

๐Ÿ‘ค Speaker
759 total appearances

Appearances Over Time

Podcast Appearances

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

So

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

I mean, you've just sketched out some of the really stark statistics when it comes to people being overweight in China.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

And I think it is linked to this kind of corporate culture, this sort of hard driving, start very early in the morning, finish very late at night, have your meal sitting in front of your cubicle.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

You know, I think it is linked to that.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

So maybe the solution to all of this, aside from Chinese ozempic style drugs, is for people to

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

To go back to what they used to do when I first went to China in the 80s and 90s, you know, go outside, do communal exercises, you know, star jumps or jumping up down on the spot or even marching in unison or something like that.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

Something to get the blood moving in the body.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

I don't know what you think.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

Okay.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

Well, Alice, just as you were mentioning, the Chinese approvals of GLP-1, or we could call them Chinese Zempic variant drugs,

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

have already started.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

And I think there were five of these drugs that were approved last year.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

As you mentioned, there are a huge number undergoing development and trial in China at the moment.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

So my prediction is that by the end of this year, there will be at least 10

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

of these GLP-1 drugs available in the Chinese market.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

Some of them will be made by Chinese companies.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

In fact, I would say the majority will be made by Chinese companies, and some of them will be made by joint ventures between Chinese companies and foreign companies, and some by foreign companies as well.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

And my guess is that this will cause a big price war.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

And as you have already mentioned, this will mean that Chinese GLP-1 drugs are undercutting their foreign counterparts and competitors by big margins.

The Prof G Pod with Scott Galloway
China Decode: Why Unrest in Iran is a Problem for China

And then we're going to see an outflow of these drugs all over the world.