Musk, making his first journey to China in three years, apparently felt the identical (despite the fact that Twitter is blocked in China and Musk didn’t tweet whereas within the nation). He advised the overseas minister that China and america have been “conjoined twins” with inseparable pursuits, in line with Chinese language readouts.
The journey has been a propaganda win for Beijing’s intensifying marketing campaign to sign openness to overseas funding after months of unpredictable, politically motivated crackdowns stoked fears that enterprise surroundings was worsening.
Thus far, China’s guarantees have struggled to beat international corporations’ alarm over an up to date counterespionage legislation and a number of raids on international consulting companies in current weeks, a minimum of considered one of which noticed employees detained. Even the U.S. Chamber of Commerce has warned of that “China’s said coverage of openness and want to draw new overseas funding and exports” from america will not be with out threat.
However Beijing is rolling out the crimson carpet for visiting American executives — and never simply Musk.
JPMorgan CEO Jamie Dimon and Starbucks CEO Laxman Narasimhan have additionally been within the Chinese language capital this week, shoring up their very own enterprise pursuits concurrently Beijing tries to woo the American enterprise foyer, which has historically opposed Washington’s extra hawkish China insurance policies.
Musk’s itinerary included all the same old thrives of China’s hospitality — lavish dinners and conferences with senior officers — in addition to a contact extra geopolitics than is common for an govt.
On arriving in Beijing on Tuesday, he went on to a gathering with Qin Gang, China’s overseas minister and former ambassador to america.
In a room normally reserved for assembly diplomatic counterparts, Qin pledged open markets for companies from all nations after which deployed a string of automotive metaphors to induce a optimistic flip in China-U.S. ties.
Progress requires “holding onto the steering wheel,” avoiding “harmful driving” by “stepping on the brakes’ when essential and likewise “placing the pedal to the metallic” when acceptable to “promote mutually useful cooperation,” he stated.
Musk additionally met with the ministers of commerce and data know-how in Beijing, which helped pump up the Tesla’s inventory value as analysts predicted that the journey would assist the electrical carmaker climate intense competition from native rivals.
The crimson carpet remedy continued with a welcome banquet attended by the chairman of China’s main battery producer, CATL, and a dinner theme of “Horse-Extraordinary.” It was a pun on the primary character of Musk’s Chinese language surname — ma, which means horse.
The menu was match for a king — which could have been becoming since Musk on Thursday reclaimed his place as richest individual on the planet, in line with Bloomberg Billionaires Index.
Company have been served 16 dishes with intriguingly translated English names like “Dendeobium and Jellyfish Head in Seafood Sauce,” “Stim-fried Lily and Luffa,” and “Laotan Pickled Cabbage Geoduck,” in line with pictures of the menu that circulated extensively on Weibo, the nation’s reply to Twitter.
He was additionally greeted with cheers and applause — and even just a few heart-shaped hand gestures — when he paid a late-night go to to Tesla’s Gigafactory in Shanghai.
Even with the showy reception, no new offers have been introduced throughout the journey and a rumored assembly with Chinese language Premier Li Qiang, who as former Shanghai Communist Get together boss was instrumental in permitting Tesla to arrange a manufacturing facility in China, by no means materialized.
Tesla has been credited with igniting Chinese language shopper curiosity in electrical vehicles with the opening of its Shanghai manufacturing facility in 2019, deepening competitors amongst dozens of Chinese language rivals and sparking a wave of gross sales that final yr surpassed authorities targets for electrical car penetration.
However Tesla has needed to repeatedly minimize costs in China as Warren Buffett-backed rival BYD claimed pole place as each the best-selling electrical car model on the planet and the top overall auto model in China by gross sales.
In Beijing on Tuesday, Musk stated he was keen to develop his enterprise in China. In April, Tesla announced plans for a brand new manufacturing facility that may produce its Megapack power storage system in Shanghai.
However a deliberate enlargement which might have boosted the output of the prevailing car manufacturing facility stays unsure amid rising inventories, value cuts and reported concerns in Beijing over Tesla’s connections to satellite tv for pc web service Starlink, one other Musk enterprise.
Musk is way from the one American govt to benefit from China’s solely lately opened borders to speak up native enterprise and play down the dangers of geopolitics.
Chinese language state media has hailed a “craze of coming to China” that started in March with the China Improvement Discussion board, which was attended by the likes of Apple CEO Tim Prepare dinner, Nestlé CEO Mark Schneider and Qualcomm CEO Cristiano Amon.
“Coming and staying within the Chinese language market will not be a query of eager to or not,” wrote the state-run Beijing Enterprise Every day, “it’s a query of necessity.”
Some American firms seem to agree.
Starbucks’s Narasimhan used his first abroad journey since taking over the position to inform reporters in Shanghai on Tuesday that he hoped China would sooner or later be the corporate’s largest market, because the espresso vendor goals for 9,000 shops within the nation by 2025.
But, amid the worst tensions between China and america in many years, being a overseas govt visiting China can imply navigating more and more hazardous minefield to keep away from offending both Beijing or Washington.
JPMorgan’s Dimon, who confronted a Chinese language backlash in 2021 after joking that his financial institution may outlast the Chinese language Communist Get together, used a go to this week to name for “actual engagement” between the China and america on commerce coverage.
“Let’s not attempt to decouple. Let’s not attempt to harm China,” he advised JPMorgan’s World China Summit in Shanghai, the place he additionally met town’s Communist Get together boss.
On the identical time, he warned of the hazards of “uncertainty” brought on by Chinese language authorities insurance policies and praised officers discuss in Washington and Europe of “de-risking,” somewhat than decoupling, the commerce relationship with China.
For Chinese language state media, nonetheless, this new time period stays politically incorrect. “At first look, de-risking appears to be a standard and nonpolitical time period within the enterprise world, however in essence it’s nothing greater than a softer solution to name for decoupling from China,” one other Individuals’s Every day commentary stated on Thursday.
Musk’s determination to not tweet whereas in China was additionally interpreted by critics as a cautionary step to keep away from angering his hosts.
“Regardless of his self-proclaimed detest for censorship and willingness to problem it, he’s behaving correctly for his CCP host,” tweeted Yaqiu Wang, China researcher at Human Rights Watch, utilizing an acronym for the Chinese language Communist Get together.
Lyric Li in Seoul, and Vic Chiang and Pei-Lin Wu in Taipei, Taiwan contributed to this report.
Musk, making his first journey to China in three years, apparently felt the identical (despite the fact that Twitter is blocked in China and Musk didn’t tweet whereas within the nation). He advised the overseas minister that China and america have been “conjoined twins” with inseparable pursuits, in line with Chinese language readouts.
The journey has been a propaganda win for Beijing’s intensifying marketing campaign to sign openness to overseas funding after months of unpredictable, politically motivated crackdowns stoked fears that enterprise surroundings was worsening.
Thus far, China’s guarantees have struggled to beat international corporations’ alarm over an up to date counterespionage legislation and a number of raids on international consulting companies in current weeks, a minimum of considered one of which noticed employees detained. Even the U.S. Chamber of Commerce has warned of that “China’s said coverage of openness and want to draw new overseas funding and exports” from america will not be with out threat.
However Beijing is rolling out the crimson carpet for visiting American executives — and never simply Musk.
JPMorgan CEO Jamie Dimon and Starbucks CEO Laxman Narasimhan have additionally been within the Chinese language capital this week, shoring up their very own enterprise pursuits concurrently Beijing tries to woo the American enterprise foyer, which has historically opposed Washington’s extra hawkish China insurance policies.
Musk’s itinerary included all the same old thrives of China’s hospitality — lavish dinners and conferences with senior officers — in addition to a contact extra geopolitics than is common for an govt.
On arriving in Beijing on Tuesday, he went on to a gathering with Qin Gang, China’s overseas minister and former ambassador to america.
In a room normally reserved for assembly diplomatic counterparts, Qin pledged open markets for companies from all nations after which deployed a string of automotive metaphors to induce a optimistic flip in China-U.S. ties.
Progress requires “holding onto the steering wheel,” avoiding “harmful driving” by “stepping on the brakes’ when essential and likewise “placing the pedal to the metallic” when acceptable to “promote mutually useful cooperation,” he stated.
Musk additionally met with the ministers of commerce and data know-how in Beijing, which helped pump up the Tesla’s inventory value as analysts predicted that the journey would assist the electrical carmaker climate intense competition from native rivals.
The crimson carpet remedy continued with a welcome banquet attended by the chairman of China’s main battery producer, CATL, and a dinner theme of “Horse-Extraordinary.” It was a pun on the primary character of Musk’s Chinese language surname — ma, which means horse.
The menu was match for a king — which could have been becoming since Musk on Thursday reclaimed his place as richest individual on the planet, in line with Bloomberg Billionaires Index.
Company have been served 16 dishes with intriguingly translated English names like “Dendeobium and Jellyfish Head in Seafood Sauce,” “Stim-fried Lily and Luffa,” and “Laotan Pickled Cabbage Geoduck,” in line with pictures of the menu that circulated extensively on Weibo, the nation’s reply to Twitter.
He was additionally greeted with cheers and applause — and even just a few heart-shaped hand gestures — when he paid a late-night go to to Tesla’s Gigafactory in Shanghai.
Even with the showy reception, no new offers have been introduced throughout the journey and a rumored assembly with Chinese language Premier Li Qiang, who as former Shanghai Communist Get together boss was instrumental in permitting Tesla to arrange a manufacturing facility in China, by no means materialized.
Tesla has been credited with igniting Chinese language shopper curiosity in electrical vehicles with the opening of its Shanghai manufacturing facility in 2019, deepening competitors amongst dozens of Chinese language rivals and sparking a wave of gross sales that final yr surpassed authorities targets for electrical car penetration.
However Tesla has needed to repeatedly minimize costs in China as Warren Buffett-backed rival BYD claimed pole place as each the best-selling electrical car model on the planet and the top overall auto model in China by gross sales.
In Beijing on Tuesday, Musk stated he was keen to develop his enterprise in China. In April, Tesla announced plans for a brand new manufacturing facility that may produce its Megapack power storage system in Shanghai.
However a deliberate enlargement which might have boosted the output of the prevailing car manufacturing facility stays unsure amid rising inventories, value cuts and reported concerns in Beijing over Tesla’s connections to satellite tv for pc web service Starlink, one other Musk enterprise.
Musk is way from the one American govt to benefit from China’s solely lately opened borders to speak up native enterprise and play down the dangers of geopolitics.
Chinese language state media has hailed a “craze of coming to China” that started in March with the China Improvement Discussion board, which was attended by the likes of Apple CEO Tim Prepare dinner, Nestlé CEO Mark Schneider and Qualcomm CEO Cristiano Amon.
“Coming and staying within the Chinese language market will not be a query of eager to or not,” wrote the state-run Beijing Enterprise Every day, “it’s a query of necessity.”
Some American firms seem to agree.
Starbucks’s Narasimhan used his first abroad journey since taking over the position to inform reporters in Shanghai on Tuesday that he hoped China would sooner or later be the corporate’s largest market, because the espresso vendor goals for 9,000 shops within the nation by 2025.
But, amid the worst tensions between China and america in many years, being a overseas govt visiting China can imply navigating more and more hazardous minefield to keep away from offending both Beijing or Washington.
JPMorgan’s Dimon, who confronted a Chinese language backlash in 2021 after joking that his financial institution may outlast the Chinese language Communist Get together, used a go to this week to name for “actual engagement” between the China and america on commerce coverage.
“Let’s not attempt to decouple. Let’s not attempt to harm China,” he advised JPMorgan’s World China Summit in Shanghai, the place he additionally met town’s Communist Get together boss.
On the identical time, he warned of the hazards of “uncertainty” brought on by Chinese language authorities insurance policies and praised officers discuss in Washington and Europe of “de-risking,” somewhat than decoupling, the commerce relationship with China.
For Chinese language state media, nonetheless, this new time period stays politically incorrect. “At first look, de-risking appears to be a standard and nonpolitical time period within the enterprise world, however in essence it’s nothing greater than a softer solution to name for decoupling from China,” one other Individuals’s Every day commentary stated on Thursday.
Musk’s determination to not tweet whereas in China was additionally interpreted by critics as a cautionary step to keep away from angering his hosts.
“Regardless of his self-proclaimed detest for censorship and willingness to problem it, he’s behaving correctly for his CCP host,” tweeted Yaqiu Wang, China researcher at Human Rights Watch, utilizing an acronym for the Chinese language Communist Get together.
Lyric Li in Seoul, and Vic Chiang and Pei-Lin Wu in Taipei, Taiwan contributed to this report.
Musk, making his first journey to China in three years, apparently felt the identical (despite the fact that Twitter is blocked in China and Musk didn’t tweet whereas within the nation). He advised the overseas minister that China and america have been “conjoined twins” with inseparable pursuits, in line with Chinese language readouts.
The journey has been a propaganda win for Beijing’s intensifying marketing campaign to sign openness to overseas funding after months of unpredictable, politically motivated crackdowns stoked fears that enterprise surroundings was worsening.
Thus far, China’s guarantees have struggled to beat international corporations’ alarm over an up to date counterespionage legislation and a number of raids on international consulting companies in current weeks, a minimum of considered one of which noticed employees detained. Even the U.S. Chamber of Commerce has warned of that “China’s said coverage of openness and want to draw new overseas funding and exports” from america will not be with out threat.
However Beijing is rolling out the crimson carpet for visiting American executives — and never simply Musk.
JPMorgan CEO Jamie Dimon and Starbucks CEO Laxman Narasimhan have additionally been within the Chinese language capital this week, shoring up their very own enterprise pursuits concurrently Beijing tries to woo the American enterprise foyer, which has historically opposed Washington’s extra hawkish China insurance policies.
Musk’s itinerary included all the same old thrives of China’s hospitality — lavish dinners and conferences with senior officers — in addition to a contact extra geopolitics than is common for an govt.
On arriving in Beijing on Tuesday, he went on to a gathering with Qin Gang, China’s overseas minister and former ambassador to america.
In a room normally reserved for assembly diplomatic counterparts, Qin pledged open markets for companies from all nations after which deployed a string of automotive metaphors to induce a optimistic flip in China-U.S. ties.
Progress requires “holding onto the steering wheel,” avoiding “harmful driving” by “stepping on the brakes’ when essential and likewise “placing the pedal to the metallic” when acceptable to “promote mutually useful cooperation,” he stated.
Musk additionally met with the ministers of commerce and data know-how in Beijing, which helped pump up the Tesla’s inventory value as analysts predicted that the journey would assist the electrical carmaker climate intense competition from native rivals.
The crimson carpet remedy continued with a welcome banquet attended by the chairman of China’s main battery producer, CATL, and a dinner theme of “Horse-Extraordinary.” It was a pun on the primary character of Musk’s Chinese language surname — ma, which means horse.
The menu was match for a king — which could have been becoming since Musk on Thursday reclaimed his place as richest individual on the planet, in line with Bloomberg Billionaires Index.
Company have been served 16 dishes with intriguingly translated English names like “Dendeobium and Jellyfish Head in Seafood Sauce,” “Stim-fried Lily and Luffa,” and “Laotan Pickled Cabbage Geoduck,” in line with pictures of the menu that circulated extensively on Weibo, the nation’s reply to Twitter.
He was additionally greeted with cheers and applause — and even just a few heart-shaped hand gestures — when he paid a late-night go to to Tesla’s Gigafactory in Shanghai.
Even with the showy reception, no new offers have been introduced throughout the journey and a rumored assembly with Chinese language Premier Li Qiang, who as former Shanghai Communist Get together boss was instrumental in permitting Tesla to arrange a manufacturing facility in China, by no means materialized.
Tesla has been credited with igniting Chinese language shopper curiosity in electrical vehicles with the opening of its Shanghai manufacturing facility in 2019, deepening competitors amongst dozens of Chinese language rivals and sparking a wave of gross sales that final yr surpassed authorities targets for electrical car penetration.
However Tesla has needed to repeatedly minimize costs in China as Warren Buffett-backed rival BYD claimed pole place as each the best-selling electrical car model on the planet and the top overall auto model in China by gross sales.
In Beijing on Tuesday, Musk stated he was keen to develop his enterprise in China. In April, Tesla announced plans for a brand new manufacturing facility that may produce its Megapack power storage system in Shanghai.
However a deliberate enlargement which might have boosted the output of the prevailing car manufacturing facility stays unsure amid rising inventories, value cuts and reported concerns in Beijing over Tesla’s connections to satellite tv for pc web service Starlink, one other Musk enterprise.
Musk is way from the one American govt to benefit from China’s solely lately opened borders to speak up native enterprise and play down the dangers of geopolitics.
Chinese language state media has hailed a “craze of coming to China” that started in March with the China Improvement Discussion board, which was attended by the likes of Apple CEO Tim Prepare dinner, Nestlé CEO Mark Schneider and Qualcomm CEO Cristiano Amon.
“Coming and staying within the Chinese language market will not be a query of eager to or not,” wrote the state-run Beijing Enterprise Every day, “it’s a query of necessity.”
Some American firms seem to agree.
Starbucks’s Narasimhan used his first abroad journey since taking over the position to inform reporters in Shanghai on Tuesday that he hoped China would sooner or later be the corporate’s largest market, because the espresso vendor goals for 9,000 shops within the nation by 2025.
But, amid the worst tensions between China and america in many years, being a overseas govt visiting China can imply navigating more and more hazardous minefield to keep away from offending both Beijing or Washington.
JPMorgan’s Dimon, who confronted a Chinese language backlash in 2021 after joking that his financial institution may outlast the Chinese language Communist Get together, used a go to this week to name for “actual engagement” between the China and america on commerce coverage.
“Let’s not attempt to decouple. Let’s not attempt to harm China,” he advised JPMorgan’s World China Summit in Shanghai, the place he additionally met town’s Communist Get together boss.
On the identical time, he warned of the hazards of “uncertainty” brought on by Chinese language authorities insurance policies and praised officers discuss in Washington and Europe of “de-risking,” somewhat than decoupling, the commerce relationship with China.
For Chinese language state media, nonetheless, this new time period stays politically incorrect. “At first look, de-risking appears to be a standard and nonpolitical time period within the enterprise world, however in essence it’s nothing greater than a softer solution to name for decoupling from China,” one other Individuals’s Every day commentary stated on Thursday.
Musk’s determination to not tweet whereas in China was additionally interpreted by critics as a cautionary step to keep away from angering his hosts.
“Regardless of his self-proclaimed detest for censorship and willingness to problem it, he’s behaving correctly for his CCP host,” tweeted Yaqiu Wang, China researcher at Human Rights Watch, utilizing an acronym for the Chinese language Communist Get together.
Lyric Li in Seoul, and Vic Chiang and Pei-Lin Wu in Taipei, Taiwan contributed to this report.
Musk, making his first journey to China in three years, apparently felt the identical (despite the fact that Twitter is blocked in China and Musk didn’t tweet whereas within the nation). He advised the overseas minister that China and america have been “conjoined twins” with inseparable pursuits, in line with Chinese language readouts.
The journey has been a propaganda win for Beijing’s intensifying marketing campaign to sign openness to overseas funding after months of unpredictable, politically motivated crackdowns stoked fears that enterprise surroundings was worsening.
Thus far, China’s guarantees have struggled to beat international corporations’ alarm over an up to date counterespionage legislation and a number of raids on international consulting companies in current weeks, a minimum of considered one of which noticed employees detained. Even the U.S. Chamber of Commerce has warned of that “China’s said coverage of openness and want to draw new overseas funding and exports” from america will not be with out threat.
However Beijing is rolling out the crimson carpet for visiting American executives — and never simply Musk.
JPMorgan CEO Jamie Dimon and Starbucks CEO Laxman Narasimhan have additionally been within the Chinese language capital this week, shoring up their very own enterprise pursuits concurrently Beijing tries to woo the American enterprise foyer, which has historically opposed Washington’s extra hawkish China insurance policies.
Musk’s itinerary included all the same old thrives of China’s hospitality — lavish dinners and conferences with senior officers — in addition to a contact extra geopolitics than is common for an govt.
On arriving in Beijing on Tuesday, he went on to a gathering with Qin Gang, China’s overseas minister and former ambassador to america.
In a room normally reserved for assembly diplomatic counterparts, Qin pledged open markets for companies from all nations after which deployed a string of automotive metaphors to induce a optimistic flip in China-U.S. ties.
Progress requires “holding onto the steering wheel,” avoiding “harmful driving” by “stepping on the brakes’ when essential and likewise “placing the pedal to the metallic” when acceptable to “promote mutually useful cooperation,” he stated.
Musk additionally met with the ministers of commerce and data know-how in Beijing, which helped pump up the Tesla’s inventory value as analysts predicted that the journey would assist the electrical carmaker climate intense competition from native rivals.
The crimson carpet remedy continued with a welcome banquet attended by the chairman of China’s main battery producer, CATL, and a dinner theme of “Horse-Extraordinary.” It was a pun on the primary character of Musk’s Chinese language surname — ma, which means horse.
The menu was match for a king — which could have been becoming since Musk on Thursday reclaimed his place as richest individual on the planet, in line with Bloomberg Billionaires Index.
Company have been served 16 dishes with intriguingly translated English names like “Dendeobium and Jellyfish Head in Seafood Sauce,” “Stim-fried Lily and Luffa,” and “Laotan Pickled Cabbage Geoduck,” in line with pictures of the menu that circulated extensively on Weibo, the nation’s reply to Twitter.
He was additionally greeted with cheers and applause — and even just a few heart-shaped hand gestures — when he paid a late-night go to to Tesla’s Gigafactory in Shanghai.
Even with the showy reception, no new offers have been introduced throughout the journey and a rumored assembly with Chinese language Premier Li Qiang, who as former Shanghai Communist Get together boss was instrumental in permitting Tesla to arrange a manufacturing facility in China, by no means materialized.
Tesla has been credited with igniting Chinese language shopper curiosity in electrical vehicles with the opening of its Shanghai manufacturing facility in 2019, deepening competitors amongst dozens of Chinese language rivals and sparking a wave of gross sales that final yr surpassed authorities targets for electrical car penetration.
However Tesla has needed to repeatedly minimize costs in China as Warren Buffett-backed rival BYD claimed pole place as each the best-selling electrical car model on the planet and the top overall auto model in China by gross sales.
In Beijing on Tuesday, Musk stated he was keen to develop his enterprise in China. In April, Tesla announced plans for a brand new manufacturing facility that may produce its Megapack power storage system in Shanghai.
However a deliberate enlargement which might have boosted the output of the prevailing car manufacturing facility stays unsure amid rising inventories, value cuts and reported concerns in Beijing over Tesla’s connections to satellite tv for pc web service Starlink, one other Musk enterprise.
Musk is way from the one American govt to benefit from China’s solely lately opened borders to speak up native enterprise and play down the dangers of geopolitics.
Chinese language state media has hailed a “craze of coming to China” that started in March with the China Improvement Discussion board, which was attended by the likes of Apple CEO Tim Prepare dinner, Nestlé CEO Mark Schneider and Qualcomm CEO Cristiano Amon.
“Coming and staying within the Chinese language market will not be a query of eager to or not,” wrote the state-run Beijing Enterprise Every day, “it’s a query of necessity.”
Some American firms seem to agree.
Starbucks’s Narasimhan used his first abroad journey since taking over the position to inform reporters in Shanghai on Tuesday that he hoped China would sooner or later be the corporate’s largest market, because the espresso vendor goals for 9,000 shops within the nation by 2025.
But, amid the worst tensions between China and america in many years, being a overseas govt visiting China can imply navigating more and more hazardous minefield to keep away from offending both Beijing or Washington.
JPMorgan’s Dimon, who confronted a Chinese language backlash in 2021 after joking that his financial institution may outlast the Chinese language Communist Get together, used a go to this week to name for “actual engagement” between the China and america on commerce coverage.
“Let’s not attempt to decouple. Let’s not attempt to harm China,” he advised JPMorgan’s World China Summit in Shanghai, the place he additionally met town’s Communist Get together boss.
On the identical time, he warned of the hazards of “uncertainty” brought on by Chinese language authorities insurance policies and praised officers discuss in Washington and Europe of “de-risking,” somewhat than decoupling, the commerce relationship with China.
For Chinese language state media, nonetheless, this new time period stays politically incorrect. “At first look, de-risking appears to be a standard and nonpolitical time period within the enterprise world, however in essence it’s nothing greater than a softer solution to name for decoupling from China,” one other Individuals’s Every day commentary stated on Thursday.
Musk’s determination to not tweet whereas in China was additionally interpreted by critics as a cautionary step to keep away from angering his hosts.
“Regardless of his self-proclaimed detest for censorship and willingness to problem it, he’s behaving correctly for his CCP host,” tweeted Yaqiu Wang, China researcher at Human Rights Watch, utilizing an acronym for the Chinese language Communist Get together.
Lyric Li in Seoul, and Vic Chiang and Pei-Lin Wu in Taipei, Taiwan contributed to this report.
