Per editor: Li Zedong
On May 30, Musk visited China again after three years. However, there is news that JPMorgan Chase, Starbucks, and Pfizer CEOs are also coming to China in the near future! What's the situation?
Musk meets with Zeng Yuqun of the Ningde era?
According to CCTV news, on May 30, Tesla CEO Musk arrived in China and has met with State Councilor and Foreign Minister Qin Gang in Beijing.
Image source: Ministry of Foreign Affairs official website
On the afternoon of the same day, a photo of Musk and Zeng Yuqun, chairman of CATL, walking side by side in a hotel lobby circulated on the online platform. The photo shows that Musk and Zeng Yuqun are followed by Tesla global vice president Zhu Xiaotong.
In this regard, the "Daily Economic News" reporter immediately verified with Tesla China and CATL, but neither party responded as of press time.
It is also reported that Musk is expected to meet with high-level Chinese officials and visit Tesla's Shanghai factory during his trip. However, it is unclear who Musk will meet with and what to discuss.
In addition, on May 30, a clerk at the Tesla experience store in Beijing's Huamao Center told the "Daily Economic News" reporter: "This morning, Musk's driver went to the Huamao Center store to drive a Model S model away to pick him up, although the company's headquarters has the positioning of this car, but the specific itinerary will be kept secret, and our clerk does not know." ”
Photo source: Photo by Li Wenpeng, reporter
Some people say that Musk's choice to visit China at this time is most likely closely related to Tesla's global layout, the promotion of new business products, and a series of changes in China's electric vehicle market.
Musk is here, JPMorgan Chase, Starbucks, Pfizer CEOs are coming!
In addition to Musk, recently, many heavyweights from the world's business community will also gather in China.
According to the official website of the Ministry of Commerce, on the morning of May 30, Vice Minister Li Fei met with Xu Zhenyu, vice chairman of SK Group, in Beijing, and the two sides exchanged views on SK Group's business in China.
Image source: Ministry of Commerce official website
According to reference news, JPMorgan CEO Jamie Dimon will host a series of summits held by JPMorgan Chase in Shanghai from tomorrow (May 31), which is also his first visit to Chinese mainland after 4 years, and the CEOs of many giant companies in China and the United States will also participate in the meeting discussion. In addition, former US Secretary of State Condoleezza Rice and centenarian Kissinger will speak via video link.
According to Red Star News, the meeting will be attended by business giants such as Andrew Foster, CEO of American giants Starbucks and Pfizer, Australian mining billionaire, and Mei Chi Ming, founder of Singapore-based warehouse operator GLP. On the domestic side, foreign media reported that Baidu founder Li Yanhong and Geely Holding CEO Li Donghui will attend the meeting and deliver speeches, in addition to BYD executive vice president Li Ke will also attend the meeting. As of press time, Baidu, Geely and BYD have not confirmed the news to Red Star News.
It is understood that JPMorgan Chase will hold three conferences in Shanghai during a three-day period, namely the J.P. Morgan Science and Technology Exchange Conference, the China New Economy Forum and the Global China Summit. More than 2,600 investors are expected to attend the closed-door meetings, which are the first time JPMorgan has resumed its in-person China summit since 2019.
What signal does the gathering of heavyweight guests from the business community in Shanghai release?
According to Red Star News, Peter Alexander, managing director of a financial consulting firm in Shanghai, believes that at a time when many entrepreneurs maintain a low-key attitude towards the Chinese market, Jamie Dimon's "high-profile" disclosure of his interest in the Chinese market is very telling. Alexander said, "A man like Dimon has seen so much of the world that he usually has absolute confidence in his judgment. ”
James Dimon is not the only financial elite in the United States who "overtures" China "favors". On May 6, local time, Buffett's partner Charlie Munger said at Berkshire Hathaway's annual shareholder meeting that the United States and China need each other, and Sino-US cooperation is in the common interest. "It is in our common interest that we should be friendly with China and engage in a lot of free trade with China." As for the escalating tensions of the United States, Munglian rebuked with 3 sentences "stupid, stupid, stupid".
Bird's eye view of Shanghai, the Huangpu River passes through the Shanghai city (Photo source: Zhang Jian, reporter)
In addition, Intel CEO Pat Kissinger has been called "another Kissinger" in the United States who is committed to Sino-US relations. In April this year, he came to China for the first time as the CEO of Intel, and told the media that "China plays a very important role in Intel's development strategy, and we have a long-term commitment to the Chinese market, Chinese customers and partners."
Also in April this year, Apple CEO Tim Cook also said at the China Development High-level Forum: "This year is Apple's 30th year in China. We are delighted to see Apple's development in China over the past 30 years and honored to partner with China to serve our customers and consumers." We grew up with China, and it was a symbiotic relationship. Qualcomm CEO An Meng said at the same event: "Qualcomm has been in the Chinese market for nearly 30 years, has established deep partnerships with Chinese companies, and now we are expanding new cooperation, for which I am very proud." ”
According to data previously released by the Ministry of Commerce, the actual amount of foreign funds used in China in 2022 will be 1.23268 billion yuan, an increase of 6.3% year-on-year on a comparable basis, and the scale will hit a record high. Many foreign giants have very large business contacts in China.
In 2022, Intel's revenue in China was $17.125 billion, accounting for 27% of total global revenue; In the first quarter of this year, Apple's revenue in Greater China was $17.812 billion, accounting for nearly 20% of total revenue; In January, JPMorgan made important progress in expanding its China business: J.P. Morgan Asset Management announced that it had received approval from the China Securities Regulatory Commission to complete the acquisition of Shanghai Investment Morgan Fund, turning it into a wholly foreign-owned enterprise. According to US media statistics, JPMorgan's business in the Chinese market exceeds $10 billion.
Daily economic news comprehensive reference news, Red Star News, Ministry of Foreign Affairs official website, Ministry of Commerce official website, public information
Daily economic news