#5月财经新势力 #
Lusk returned to the world's richest man during his visit to China, and LVMH Chairman Bernard Arnott, who was squeezed out of Musk's richest man's throne, is also planning to visit China this month.
In addition, many foreign company executives, including JPMorgan Chase CEO, Starbucks CEO, "AI trillion boss" Huang Jenxun, will also come to China in the near future.
Why do these bigwigs set off a "tide of coming to China" again?
The answer is obvious, of course, for profit.
The world is bustling, all for profit; The world is crowded, all for the good.
Take Musk, China, as Tesla's second largest market in the world, has a total revenue of $18.145 billion in 2022, accounting for 22.27%, second only to the US domestic market.
The Shanghai plant is Tesla's largest production center in the world, with an annual output of more than 750,000 vehicles.
This time, Musk just arrived in China and clearly expressed his position:
Tesla opposes "decoupling and broken chains", and the interests of China and the United States are intertwined, and they are inseparable from each other like conjoined babies.
After saying a word, Tesla's stock rose in response, and its market value rose by more than $25 billion overnight, nearly 180 billion yuan, making Musk re-establish himself as the world's richest man.
Many foreign company executives set off a "tide in China", Tesla's stock rose sharply, and all kinds of facts actually indicate a problem:
Capital is voting with its feet.
The United States intends to play trade protectionism, and the "decoupling and breaking of chains" advocated by the United States will not work at all.
These capital bosses clearly understand the importance of the Chinese market, and what they need is to continue to be long China, instead of following the ass of that group of politicians and engaging in "decoupling".
Why are foreign executives "flocking here"?
At the beginning, Tesla engaged in research and development regardless of the cost, and it had to burn $8,000 a minute, so it owed a lot of debt, and the interest alone every day was astronomical, and if it couldn't make money again, the debt crisis was imminent.
In 2018, Musk, who backed the war, came to China in the hope of building Tesla's super factory here.
Immediately afterwards, in January 2019, Tesla Shanghai Gigafactory officially started construction, in June the plant has been basically completed, entering the trial installation stage of production equipment, in October, the super factory began trial production, on January 7, 2020, Tesla officially announced that it will officially deliver the Model 3 made in China.
The whole world has witnessed what "China speed" is.
It can be said that China is Tesla's "blessed land".
Therefore, Tesla's new energy vehicle industry chain and energy storage industry chain that Tesla has been vigorously developing are inseparable from China's complete industrial chain support, as well as the cost and quality advantages of China's manufacturing industry.
From this point of view, it is not surprising that Musk insists on going long China.
The same as Tesla, as a chip giant, NVIDIA wants to make data chips, game chips, smart car chips, how can these products leave the Chinese market?
How can the French luxury giant LVMH Group, whose business comes from China, not pay attention to it?
JPMorgan CEO Dimon does not dare to go against the US government on the surface, but covets the Chinese market, so he has to say "de-risking" while quickly saying that the West cannot truly decouple from China.
In fact, including Musk, Tim Cook, and many CEOs of Intel, Volkswagen, Siemens, and Adidas, all have only one purpose in starting a trip to China:
The Chinese market is very important, for this big cake, these multinational companies can not give up, China is still the top priority of many foreign companies seeking development.
The "masters" of the United States are voting with their feet
Capital is always pragmatic and profit-seeking, and for these transnational capitals, interests are always put first.
In recent years, the United States has been proclaiming the so-called "threat theory", advocating reducing dependence on us and reducing investment, in an attempt to engage in "decoupling and breaking the chain" to curb our development.
But obviously, globalization is the trend of the times, and the Chinese market is a strategic point that many companies around the world cannot give up.
According to the International Monetary Fund's Asia-Pacific Economic Outlook report, China's economy is forecast to grow by 5.2% in 2023, contributing more than one-third of the global economy.
In addition, the World Bank report also shows that from 2013 to 2021, China's contribution to world economic growth was 38.6%, while the G7 combined was only 25.7%, which is less than China's own.
The tide set off by the top management of many foreign companies is enough to show that the Chinese market is indispensable, and to a large extent, it is a denial of "decoupling and breaking the chain".
Those politicians in the United States who advocate "decoupling and breaking the chain" run counter to the idea of American capital.
And this wave of bigwigs came to China en masse, which also released a clear signal:
China's economic development prospects are brighter than expected, and investing in China is investing in the future.
To put it bluntly, in the future global economic trend, the Chinese market and economic status are very important, and the vast majority of capital is inseparable from the Chinese market, and we need to cooperate with us for win-win results.
In such a big environment, the United States wants to "decouple" from China, which is tantamount to dreaming, American companies will not choose to be absent from the Chinese market, which is a broad stage that capital cannot give up.
And who is the real master of America? This question must be clear to everyone, now the masters are "voting with their feet", and what those politicians are shouting is really just slogans.
Written at the end:
Some time ago, Micron, which has been rushing to the forefront of the "anti-China" company, came to a wave of "hammering to hammer":
In the past, it had committed a lot of evil deeds in the Chinese market, which can be called a model of "eating and smashing pots", but because of "serious network security problems", it was pulled into the blacklist by the mainland and completely said goodbye to the Chinese market.
There is also the American PC giant Dell, which also led to a direct cut in sales in China because of being a "leading bird", and its market share was squeezed out by domestic brands.
Unlike politicians who push for "decoupling and breaking the chain", corporate considerations for interests always come first.
If investing in China and laying out China can bring huge benefits to itself, why "decouple and break the chain" with us?
Unfortunately, Micron and Dell failed to understand this problem, so they faced the current situation.