(ConservativeInsider.org) – Tech Mogul Elon Musk claimed that China has more hardworking, smart, and energetic people compared to the United States which is helping the country emerge as the strongest force all over the world.
Musk praised China for its impressive infrastructure development, including the establishment of state-of-the-art railway systems, train stations, and buildings that continue to inspire other countries like the US.
He urged everyone to visit China and travel on its trains to get a glimpse of the modern-day infrastructure facilities.
Musk has previously praised the work ethics of Chinese companies while criticizing the “entitled” and “complacent” nature of the US workforce.
The tech entrepreneur also claimed that China has great capability to excel in the Artificial Intelligence sector and that the country can see massive success in any business avenue it tries to pursue.
Musk has strong business interests in China due to the presence of the Tesla car manufacturing plant in Shanghai, which also helped him secure billions of dollars in loans with the assistance of the Chinese government. The communist government of China also helped him resume his Tesla operations after the economic downturn of the pandemic.
Musk notably accused the states of New York and California of taking things for granted after seeing early success, which, according to him, is contributing to the miserable business situations in these states.
The United States government, Musk continued, provides the least support to Tesla compared to any other car manufacturer.
Despite Musk’s appreciation of the Chinese workforce and their technological projects, the country is experiencing an economic downturn, which is also evident in the recent downfall of its stock and real estate markets.
China’s debt-to-GDP ratio is going alarmingly high, and housing sales have taken a major dip, with new construction slowing down.
Economists believe that China’s economic doldrums are here to stay for the foreseeable future, and the persisting crisis suggests the weak nature of the Chinese economic model.
However, Chinese leadership continues to present a positive outlook for its economy to attract foreign investment.
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