Posted on 06/02/2023 3:22:52 AM PDT by FarCenter
As the global economic intelligentsia debates how to “decouple” or “de-risk” from China, Elon Musk clearly didn’t get the memo.
The Tesla founder was feted like a returning king in Beijing this week. 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. One is that not everyone is decoupling from China, least of all the globe’s most influential electric-vehicle (EV) evangelist and owner of Twitter. Another: the future of EV production and innovation is shifting toward Asia’s biggest economy.
Yet 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.
The perception that China is becoming hostile toward foreign capital intensified after Ma ran afoul of Xi Jinping’s regulators in late 2020.
In March, China’s leader installed a new premier, Li Qiang, to take the lead in changing that narrative. And what better way than Musk visiting China and reaffirming his commitment to producing more Teslas in mainland factories?
Of course, Li and Ma go way back. It was Li, back in his days as Shanghai party boss, who lobbied Musk to open a Tesla “gigafactory” in the city. The facility, which opened in April 2022, was Tesla’s first outside the US.
Now, here is Musk, controversial as he is, hinting at an even bigger production presence in China. In 2022, Tesla contributed roughly one-quarter of Shanghai’s overall total automotive production.
BRIChinaS+ is the future. We are watching the woke globalist suicide of the West.
And what did they do to "brother Ma?"
Alibaba founder Jack Ma back in China after months abroad in sign Beijing may be warming to tech
https://www.cnbc.com/2023/03/27/alibaba-founder-jack-ma-back-in-china-after-months-abroad.html
Hmmm let’s think on this, China controls the majority of rare earth production needed for electric vehicles and Elon/Tesla needs these rare earth materials.
The problem is these hand picked earth scientists who push the green cr**.
We are watching the woke globalist suicide of the West.
______________________
Yep, the Woke West is now a bystander on the world economic stage, and yes it’s suicidal.
When you run a multi-billion Dollar business internationally, you can’t just pull out at the drop of a hat, for political whims
Jamie Dimon of JP Morgan... he was one of those who was hanging around Jeff Epstein.
China: Political Infighting on Display as Chinese Leader and Premier Give Conflicting Comments on State of Economy
Epoch Times ^ | 06/12/2020 | Nicole Hao
Posted on 6/12/2020, 11:33:34 AM by SeekAndFind
During a recent inspection tour of villages in the region of Ningxia, Chinese leader Xi Jinping emphasized his goal for China to become “a moderately prosperous society.” This catchphrase was coined soon after he took power in 2012, and is his flagship economic policy.
Xi also penned a May 31 article in Qiushi, the Chinese Communist Party (CCP)’s official magazine, that China is advancing toward achieving that goal, with “400 million people in the middle class.”
His standard for middle class was: an annual household income of 100,000 to 500,000 yuan ($14,160-$70,810). But in China, multi-generational households living under one roof are not uncommon.
Meanwhile, Chinese premier Li Keqiang has recently highlighted the unemployment and poverty crisis in the country, which have been exacerbated by the CCP virus pandemic.
Li said during a meeting of China’s rubber-stamp legislature on May 28 that 600 million Chinese only earn 1,000 yuan ($140) per month, which is not enough to pay for monthly rent on a one-bedroom apartment in a mid-sized Chinese city.
Li then promoted the idea of setting up a “street vendor economy” to alleviate the rising unemployment as a result of the pandemic.
On June 1, Li again said at an economic seminar in Qingdao city: “The challenges that [China] is facing is unprecedentedly difficult.” Li emphasized that hundreds of millions of Chinese people need financial support.
After Li’s speeches, state-run media first promoted the street vendor economy, but began running articles criticizing the idea on June 5.
Since then, each provincial and city government delivered conflicting information on whether or not street vendors would be allowed to sell their wares.
Observers have interpreted the openly contradictory messaging of late as an indication of the power struggle between Xi’s political faction and Li’s.
(Excerpt) Read more at theepochtimes.com
In a so-called one party state, the factions are often more antagonistic towards each other than parties in a two- or multi-partied state. There is just an illusion of unity, at least internally.
Leon Trotsky: "Tell me about it!"
The latent causes of faction are thus sown in the nature of man; and we see them everywhere brought into different degrees of activity, according to the different circumstances of civil society. A zeal for different opinions concerning religion, concerning government, and many other points, as well of speculation as of practice; an attachment to different leaders ambitiously contending for pre-eminence and power; or to persons of other descriptions whose fortunes have been interesting to the human passions, have, in turn, divided mankind into parties, inflamed them with mutual animosity, and rendered them much more disposed to vex and oppress each other than to co-operate for their common good. So strong is this propensity of mankind to fall into mutual animosities, that where no substantial occasion presents itself, the most frivolous and fanciful distinctions have been sufficient to kindle their unfriendly passions and excite their most violent conflicts. But the most common and durable source of factions has been the various and unequal distribution of property. Those who hold and those who are without property have ever formed distinct interests in society. Those who are creditors, and those who are debtors, fall under a like discrimination. A landed interest, a manufacturing interest, a mercantile interest, a moneyed interest, with many lesser interests, grow up of necessity in civilized nations, and divide them into different classes, actuated by different sentiments and views. The regulation of these various and interfering interests forms the principal task of modern legislation, and involves the spirit of party and faction in the necessary and ordinary operations of the government.
https://avalon.law.yale.edu/18th_century/fed10.asp
The Union as a Safeguard Against Domestic Faction and Insurrection
From the New York Packet. Friday, November 23, 1787.
MADISON
It’s only about money.
People need to stop thinking of most of these firms as “American.”
They are international. Their investors are from around the world, they do business around the world, sometimes more outside than in the US - example the Buick line in China. Their CEOs are sometimes foreign born.
These firms are motivated by returns for the investors, a huge dividend for the CEO and board of directors, and there is little loyalty to some US work force, the US as a nation, some Christian values, etc.
It’s just money, and the Chinese offer lots of cheap labor, no EPA standards, no OSHA, EEOC, and a HUGE market. The only thing preventing China crushing us is logistics. The cost of moving a lot of the stuff has been our saving grace as the costs in logistics and delays are often substantial.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.