As the global economic intelligentsia debates how to "Decouple" or "De-risk" from China, Elon Musk clearly didn't get the memo.
From the moment his private jet arrived on Tuesday, Musk is reportedly being called "Brother Ma," putting him in rarified league with Alibaba billionaire Jack Ma. There are many takeaways from Musk's first China visit in three years.
The most important one may be how Beijing is putting out a huge welcome mat for foreign chieftains - from Musk to JPMorgan Chase's Jamie Dimon - to signal that China really is open for business again.
What better way than Musk visiting China and reaffirming his commitment to producing more Teslas in mainland factories?
Even though China has its own promising EV companies, including BYD Co, Musk understands that Xi's nation has become "The golden goose EV market," Ives says.
At his meeting Tuesday with Foreign Minister Qin Gang, Musk gave the thumbs down to Washington's decoupling from China strategy.
As economists at Allianz argue in a note to clients: "The economic implications of a further decoupling between the West and China could be far-reaching," noting that the fallout for China's economy could be "Far from negligible."
https://asiatimes.com/2023/06/elon-musk-tears-up-the-decoupling-script-in-china/
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