The meeting between Tesla CEO Elon Musk and Chinese foreign minster Qin Gang comes as tensions between the U.S. and China continue to rise.
Qin, who was until recently China's ambassador to the U.S., said "Chinese-style modernization," characterized by a huge population and "common prosperity" will create "unprecedented growth potential and market demand," according to a statement from the Chinese foreign ministry.
He added that China's electric vehicle market "has broad prospects for development" and that China will continue to open up and create a better market-oriented and law-based business environment for foreign firms like Tesla. According to the Chinese foreign ministry statement, Musk praised Chinese the Chinese people and China's achievements. Tesla opposes "decoupling" and is willing to continue to expand its business in China, the statement said.
Tesla did not immediately respond to a CNBC request to verify the Chinese foreign ministry's statement.
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