HomeEconomyTim Cook explains that Apple and China have a "symbiotic" relationship

Tim Cook explains that Apple and China have a “symbiotic” relationship

Visiting China to attend the China Development Forum, the Apple chief highlighted the link between the country and the company as the latter seeks to transfer production activities outside of China.

Apple enjoys a “symbiotic” relationship with China, said Saturday its boss Tim Cook, who visited China to attend the China Development Forum, a Chinese state-sponsored event attended by top government officials and public figures from the industry. business.

Tim Cook’s speech comes as Apple, the world’s largest company by market capitalization, seeks to transfer manufacturing activities outside of China.

No statement on US controls on exports of high-tech components

Sales of Apple products were penalized in 2022 by production limitations in factories due to China’s so-called “covid zero” policy. US controls on the export of high-tech components also threaten the supply chain for the Apple brand. A topic that Tim Cook did not address during this exchange.

The Apple boss, however, stressed the need to close the gap in education between schools in urban and rural areas. And he also encouraged young people to learn programming and develop their critical thinking. Tim Cook, in particular, promised to increase Apple’s spending on its education program in rural China to 100 million yuan.

He visited an Apple Store in downtown Beijing on Friday and took a selfie with singer Huang Ling that went viral on Chinese social media.

Author: TT with AFP
Source: BFM TV

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