The Prof G Pod with Scott Galloway China Decode: Why Apple Can't Quit China (ft. Patrick McGee)
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Dec 9, 2025 
Patrick McGee, a journalist and author of *Apple in China*, joins the discussion to unravel Apple’s deep-seated reliance on China. He delves into the unique manufacturing ecosystem that offers unmatched scale and efficiency for the tech giant. The conversation reveals the political leverage Beijing holds over Western companies due to this dependence. McGee also shares insights on how Apple's investments inadvertently propelled competitors like Huawei and Xiaomi, highlighting the complexities of decoupling from China amidst geopolitical tensions.
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China's GPU Race Fueled By State And Market
- Moore Threads' IPO surge reflects massive domestic enthusiasm and state backing for a homegrown GPU competitor to Nvidia.
- China combines market size, subsidies and political will to accelerate semiconductor challengers despite export controls.
Undervalued Yuan Keeps Export Engine Running
- The renminbi remains deeply undervalued by many metrics, sustaining China's export competitiveness and huge trade surpluses.
- A materially stronger yuan would shift consumption, capital flows and global trade balances if Beijing allows appreciation.
Appreciation Debate Growing Within China
- China could see sizable renminbi appreciation, and that would alter imports, asset demand and investment flows if policy shifts.
- Influential Chinese strategists publicly argue for a gradual, large appreciation, signaling debate within elites.
