Comments by "Peter Jacobsen" (@pjacobsen1000) on "French and EU leaders visit China to discuss trade and the Russia-Ukraine war" video.

  1. Li Qiang: "I think we met two years ago in Shanghai". Macron: "I don't remember that".
    6
  2. China makes a lot of things cheaply and efficiently: Socks, shoes, T-shirts, and they can assemble electronics very quickly and at large scale. But more importantly, America sells a lot of products on the Chinese market. Chinese people love Apple, McDonalds, Starbucks, Tesla, Marvel movies, TV shows, GM cars. But this visit is by President Macron of France. Chinese people love Dior, LV, champagne, Hermes, wine, Airbus airplanes, Cartier, L'Oreal.
    4
  3. If China will only accept Yuan for Made in China products, that means other countries first have to buy Yuan in order to import from China. And when they buy Yuan from China, what are they going to pay with? Presumably, China doesn't want Dollars or Euro, so what does China want? Gold bars? The value of all the gold in the world is only a small fraction of the world economy. So how are we going to get the Yuan to pay for the products?
    4
  4.  @pepelepew1227  "housewife in a wet market". They are some of the smartest people in China.😉
    3
  5.  @pepelepew1227  Well, I don't think the US or Europe will agree to that. We may have to take our business elsewhere, even if we would prefer to buy from China.
    3
  6.  @Jane-ch9yb  Maybe none of them remembered it.
    2
  7.  @pepelepew1227  I forgot to answer this: "check out the cumulative fdi in china". I couldn't find exact numbers, but it looks like only about USD 5 trillion from 2000-2020. Can it really be so little? Maybe I got the wrong numbers. In the same period, the EU invested USD 37 Trillion in the US, and USA invested over USD 40 Trillion in Europe.
    2