The emergence of Elon Musk as one of Donald Trump’s top campaign donors bodes well for Chinese President Xi Jinping if the former U.S. president wins back the White House.

The billionaire chief executive officer of Tesla and SpaceX, who has donated more than $100 million to support Trump, has extensive business interests in China.

He enjoyed perks that were rarely offered to other foreign investors, such as when Tesla got an unprecedented concession to wholly control its local subsidiary.