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Corporate America still loves China: Axios

June 07, 2023


Abstract : Economic imperatives are sending a steady stream of CEOs to China, and the real obstacle to growth is found in Washington, U.S. news website Axios reported on Saturday.

Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. (Xinhua/Ding Ting)

The United States and China are "intertwined like conjoined twins," says Elon Musk.

NEW YORK, June 6 (Xinhua) -- Economic imperatives are sending a steady stream of CEOs to China, and the real obstacle to growth is found in Washington, U.S. news website Axios reported on Saturday.

Tesla CEO Elon Musk visited Beijing last week and was quoted as saying that the United States and China are "intertwined like conjoined twins," said the report.

JPMorgan CEO Jamie Dimon was in Shanghai after doubling the bank's China head count over the past four years. "We're here, we're going to support the Chinese people," he told Bloomberg.

Apple's Tim Cook told a Beijing audience in March that being in China "means the world to me" given the "symbiotic relationship" his company has with the country.

"China is the largest or second-largest market for a slew of U.S. multinationals -- not only Apple and Tesla but also the likes of GM, Starbucks, McDonald's and Nike. It also represents much greater potential growth than the U.S. can offer," the report said.

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Keyword: China U.S. enterprises

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