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US and China ‘intertwined like conjoined twins’, says Musk
US and China ‘intertwined like conjoined twins’, says Musk
Elon Musk said the interests of the US and China are “intertwined like conjoined twins” during his surprise visit to China on Tuesday amid strained diplomatic ties between the countries. The Tesla billionaire reached Beijing in his first visit to the country in over three years, visited China’s top ministries and discussed electric vehicles. Mr Musk also met China’s foreign, commerce, and industry ministers and dined with Zeng Yuqun, the chairman of top battery supplier CATL. The visit garnered a lot of attention in China and revealed adulation for Mr Musk from Chinese social media users, even as the relationship between Washington and Beijing plummeted. “The interests of the United States and China are intertwined like conjoined twins,” Mr Musk was quoted as saying by the foreign ministry of China. He was later also quoted by the country’s commerce ministry as saying that relations between the two countries were not a zero-sum game in which one side must lose if the other were to win. While little is known of the discussions the Twitter chief is having – as he remains unusually quiet on social media – Mr Musk and industry minister Jin Zhuanglong “exchanged views on the development of new energy vehicles and intelligent networked vehicles”, said the ministry. China, responsible for half of all global electric vehicle sales, serves as the location for Tesla’s first factory outside the US. The company reportedly submitted applications to expand its production facilities in Shanghai. Mr Musk’s plans were still awaiting approval as he earlier said it faces some “constraints”. The talks are expected to be aimed at easing this expansion, believe observers. The billionaire’s visit has also generated a lot of interest among China’s netizens. Some called him “a pioneer” and “Brother Ma”, in an oblique reference to Jack Ma, while others said he should become the next US president. “He’s a global idol,” wrote one Chinese social media user. “Elon Musk is just great, if only China could have someone like Elon Musk,” said another. In recent months, foreign companies have been facing increasing pressure in China, with a recent crackdown on international consulting firms. Both the US and China have also imposed restrictions on each other’s chipmakers. American companies are also facing pressure from outside as increasing threats of military escalation with Taiwan forces businesses to diversify their supply chains away from China. Mr Musk, however, touted the Asian country’s development as its ministers assured they were looking at increased cooperation. The Chinese government statement cited Mr Musk as saying Tesla was willing to expand its business in China and “opposes decoupling” – a reference to fears the world may split into multiple markets with incompatible products. On Tuesday, foreign minister Qin Gang told Mr Musk that China will “unswervingly promote high-level opening up” and create a “market-oriented, law-based and internationalised business environment”, said the government statement. “China’s development is an opportunity for the world,” it said. Mr Qin also told Mr Musk that China’s electric vehicle market “has broad prospects for development”. Mr Musk is expected to meet other senior Chinese officials and visit the Shanghai plant later in the week, reported Reuters citing sources. With China's economy also experiencing a slowdown and facing internal and external challenges, like anti-monopoly measures and the US-Chinese political tensions respectively, the ruling Communist Party has been engaging with more prominent CEOs off late. Chinese premier Li Qiang earlier held discussions with Apple’s Tim Cook, Pfizer’s Albert Bourla, Rio Tinto’s Jakob Stausholm and Toshiaki Higashihara of Hitachi, reiterating China's commitment to creating a favourable business environment. Read More Elon Musk meets Chinese foreign minister on first visit for three years What is superintelligence? How AI could wipe out humanity – and why the boss of ChatGPT is doomsday prepping Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relations Shanghai breaks 100-year-old heat record amid intense heatwave Keeping 1.5C alive ‘bottom of desired outcomes for global businesses at Cop28’ Typhoon Mawar inches closer to Japan threatening to bring heavy rains and winds
2023-05-31 20:34
Kremlin calls Polish decision to rename Kaliningrad 'hostile act'
Kremlin calls Polish decision to rename Kaliningrad 'hostile act'
The Kremlin said on Wednesday that Poland's decision to rename the Russian city of Kaliningrad in its official
1970-01-01 08:00
Marketmind: US inflation cheer gives stocks best week this year
Marketmind: US inflation cheer gives stocks best week this year
By Jamie McGeever A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
2023-07-14 05:46
'Fox & Friends' hosts Brian Kilmeade and Steve Doocy end up in fiery rift over Joe Biden's foreign business dealings
'Fox & Friends' hosts Brian Kilmeade and Steve Doocy end up in fiery rift over Joe Biden's foreign business dealings
Hunter Biden's tax and oligarch-related scandals are yet to be drowned out as the investigations continue into the 2024 presidential elections
2023-08-11 14:05
Gauff carrying Williams legacy into US Open final
Gauff carrying Williams legacy into US Open final
Serena Williams may be one year into her retirement but American teenager Coco Gauff will be proudly carrying the tennis icon's legacy when she takes on Aryna Sabalenka in...
2023-09-08 22:32
Arsenal target Man City scalp as Man Utd seek spark
Arsenal target Man City scalp as Man Utd seek spark
Arsenal could leapfrog Manchester City in an early season showdown for the Premier League title on Sunday as crisis-hit Manchester United seek some...
2023-10-06 09:13
Marshawn Lynch Wore a Comically Huge Chain to the Home Run Derby
Marshawn Lynch Wore a Comically Huge Chain to the Home Run Derby
Everyone loves Marshawn Lynch. Especially in Seattle.
2023-07-11 22:21
Troubled SBB Offers to Buy Back Bonds At Big Discounts
Troubled SBB Offers to Buy Back Bonds At Big Discounts
Embattled Swedish landlord Samhallsbyggnadsbolaget i Norden AB, also known as SBB, said it would use proceeds from an
2023-11-16 16:23
Epic Games Weekly Deal: May 2022
Epic Games Weekly Deal: May 2022
Are you wondering which games are free through the Epic Games weekly deal? We have the information you need.
1970-01-01 08:00
Double-digit growth in real wages, retail sales as Russia's unemployment hits record low
Double-digit growth in real wages, retail sales as Russia's unemployment hits record low
Record low unemployment in June highlighted Russia's stark labour shortage, statistics data showed on Wednesday, even as the
2023-08-03 00:06
Dolphins fans seething after one-sided Philly officiating in Eagles loss
Dolphins fans seething after one-sided Philly officiating in Eagles loss
The Miami Dolphins were seeing yellow all night long in their loss to the Philadelphia Eagles.
2023-10-24 00:25
Former US VP Pence drops out of Republican presidential campaign
Former US VP Pence drops out of Republican presidential campaign
By Alexandra Ulmer and Tim Reid LAS VEGAS (Reuters) -Former U.S. Vice President Mike Pence ended his cash-strapped presidential campaign
2023-10-29 02:46