Tuesday, September 03, 2019

Elon Musk's China-Based Boring Company

China is the future.  At least that is what Elon Musk says after he recently announced the launch of his Boring Company in China.
He’s [Elon Musk] right. Especially if this keeps up: over 90% of American companies in China say that their Chinese competition, both state and private, receive “tangible benefits” that they do not. In other words, a near plurality of American companies say they are playing on a totally uneven playing field. But herein lies the rub. They all want to be there anyway, and less than 10% have plans to leave.
There you have it.  Current tariffs on China are not enough to persuade multinationals to leave.  Discover more about how U.S. companies think China is unfair, but they don't really care.  And read the Tweet about the Boring Company.

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