Political Observer & Almost Marx confront 1826 words, about China & Elon Musk
Dec 02, 2024
The Financial Times employes: Edward White in Shanghai, Cheng Leng in Hong Kong, Kana Inagaki in London and Stephen Morris in San Francisco and ‘Additional reporting by Ding Wenjie and Joe Leahy in Beijing!’
Editor : after these below quoted selections from this Financial Times diatritribe against Elon Musk, there remain 1826 words.
…
Musk could potentially provide a “critical bridge” between China and the Trump administration, says Philippe Houchois, an analyst with US investment bank Jefferies.
…
Given the stakes for Tesla, the entrepreneur might be expected to act as a “moderating influence” on Trump’s planned tariffs, Houchois adds — and “how much or [for] how long markets ignore potential conflicts of interests ranging from political responsibilities to governance and compensation, is unclear”.
…
Two Democratic senators have sought a federal investigation into Musk’s reported communication with Russian leader Vladimir Putin, raising concern over Musk’s high-level security clearances and billions of dollars in US government funding.
….
Other parts of his empire run directly into points of tension between the US and China. SpaceX, his commercial rocket and satellite business, has drawn sharp criticism from Chinese military analysts who see the company and its vast network of Starlink satellites as part of the American military’s expansion into space. And X, the social media platform, is banned in China.
Yaqiu Wang, research director for China at Freedom House, a US-based advocacy group, warns that Beijing has become “very deft” at manipulating foreign business leaders — including leveraging their companies’ access to the country — to compel them to “toe” the Communist party line, she warns.
“Musk is not only vulnerable to Beijing’s pressure given his extensive business interests in China, he also seems to genuinely enjoy close relationships with China’s authoritarian leaders,” she says. “This dynamic creates ample opportunities for the CCP to influence Trump’s China policy.”
…
The prospect of facilitating the loan sparked fierce competition among Chinese banks. Some lobbied the Ministry of Industry and Information Technology, one of Tesla’s regulators in Beijing, to be added to the list of approved lenders. From the bankers’ point of view, the deal was not only financially failproof, but it was also an opportunity to demonstrate alignment with Beijing’s supportive green industrial policy.
In the end, loans totalling nearly $1.4bn came from a consortium of some of the country’s biggest state-owned lenders: China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China and Shanghai Pudong Development Bank. The interest rate on the debt was pegged at 90 per cent of China’s one-year benchmark interest rate, a discount that state lenders usually offer to their best clients, almost always other Chinese groups.
Editor:
https://docs.google.com/document/d/1mHVaWbtE6oVHVqvfKWnazXZvsNm9ZtMmgTpf77Qlapg/edit?usp=sharing
Political Observer & Almost Marx
Some further thouhts:
Editor: What are the Imperatines Of Capital but prophet! Espessially in the watershed of the Economic Collapse of 2007-2008: that Obama said ‘lets put this behind us’ and his Simpson -Boles Austerity that cratered! Obama betrayed the very people who voted for him, while embracing his Wall Street backers
What the Financial Times, and its many contributers don’t just miss, but ignore is that Elon Musk’s self-consept is World-Historical in nature ! His self-concept transcenedes the rest of the Trump ‘the hangers on’! His Rocket Ships do what no others have done, his World Wide Starlink, Neuralink is a neurotechnological company that’s developing a brain-computer interface (BCI) that allows users to control devices with their thoughts.
Elon Musk’s 10 greatest inventions changing the world
https://www.cnbc.com/2015/11/13/elon-musks-10-greatest-inventions-changing-the-world.html
StephenKMackSD's Blog 