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Apple’s Cook attends CEO summit on trade with Chinese premier

MacDailyNews

Nov 25

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Apple CEO Tim Cook joined a group of over 20 global business leaders in a meeting with the Chinese premier and other officials on Monday. The meeting focused on addressing potential trade disruptions and navigating economic uncertainties.

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Cook, who’s visiting the country for at least the third time this year, joined top executives of global firms including Rio Tinto Plc, Corning Inc. and Charoen Pokphand Group in a meeting with Li Qiang, according to people familiar with the matter, who asked not to be identified discussing a private session.
The meeting, in which about two dozen executives took part, marked the first high-level meeting between foreign corporations and a senior Beijing official since Donald Trump won a second four-year term.
The Apple CEO was in the capital just last month, when he promised to keep investing in the country and also underscored its vital role in the iPhone maker’s global operations.
Cook on Monday made it a point to emphasize the importance of the Chinese supply chain during brief remarks carried by a social media account linked to state broadcaster China Central Television. “I value them very highly. We could not do what we do without them,” Cook said in response to a question about Apple’s Chinese partners.
Beijing this year has taken a more active role in encouraging foreign investment, as the economy remains mired in a post-Covid funk.

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MacDailyNews Take: “A post-Covid funk” that China caused. Just sayin’.

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