It’s Day One of the new Trump Administration. As the new president takes the oath of office in the Capitol rotunda shortly after midday, one person will likely be pleased with how things are going so far: Xi Jinping, president of China. That’s for three reasons:

For Donald Trump’s inauguration, China is sending Vice President Han Zheng. This comes after the incoming US president invited Xi Jinping to attend the January 20 event — a break from tradition

Han has used the visit to meet with members of the American business community, including Tesla CEO and close Trump associate Elon Musk, according to Chinese state agency Xinhua. Musk is widely thought to be seen by Beijing as more sympathetic to its interests than others in Trump’s orbit.

As Elon Musk grew Tesla’s business in China, he publicly cozied up to its leaders on his favorite social media platform.

Elon Musk has objected to a lack of reciprocity in the US-China tech relationship, a rare criticism from the billionaire on issues sensitive to Beijing after US president-elect Donald Trump prepared to offer a reprieve to TikTok on a ban in the US.

US President-elect Donald Trump invited Chinese President Xi Jinping to attend the inauguration after winning last year's presidential election. Xi has sent Han in his place.

Elon Musk’s Starlink, a decentralised network of satellites, has revolutionised battlefield communications by enabling high-speed data transfer and robust coordination

Tesla ( TSLA) stock jumped 3% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.

Chinese leader Xi Jinping may not have personally accepted US President-elect Donald Trump’s invitation to his inauguration, but Beijing has taken the rare step of dispatching a top official to join the swearing-in ceremony in Washington.

Han Zheng, who serves as an envoy for Chinese President Xi Jinping at the inauguration, “discussed a range of topics including fentanyl, balancing trade and regional stability” with JD Vance, according to the Trump transition team.

President-elect Donald Trump is marking his return to the White House with a record-breaking fundraising total of $250 million for his inaugural efforts, sources familiar with Trump's fundraising told ABC News.