Tim Cook at CEO Summit in China to Talk Supply Chain, Trade Issues

Apple CEO Tim Cook connected Monday made his 3rd sojourn to China this year, up of a five-day proviso concatenation league with Chinese Premier Li Qiang and different firm leaders (via Bloomberg).


The Apple main joined much than 20 planetary concern leaders successful meetings with Premier Li Qiang, including executives from Rio Tinto, Corning, and Charoen Pokphand Group. Chinese firm leaders from Lenovo Group and ICBC were besides contiguous astatine the discussions, which focused connected proviso concatenation and commercialized matters.

Cook was seen astatine the China International Supply Chain Expo, wherever helium was keen to item the captious relation of Chinese partners successful Apple's operations. "I worth them precise highly. We could not bash what we bash without them," helium remarked successful comments shared by Chinese authorities media. "I americium arrogant to beryllium here... that Apple has an grounds present with our partners," added Cook during his archetypal sojourn to the expo.

Cook's sojourn comes astatine a delicate clip for Apple, with companies worldwide bracing for imaginable commercialized disruptions pursuing Donald Trump's U.S. predetermination victory. Trump has threatened to hike tariffs connected Chinese goods, portion China remains Apple's largest marketplace extracurricular the United States. Apple has astir 200 large suppliers, with much than 80% producing products successful China. The institution besides produces the bulk of its iPhones determination done manufacturing spouse Foxconn.

The timing is peculiarly important arsenic Apple works to equilibrium its heavy ties to China portion gradually diversifying its accumulation concatenation to different regions similar Vietnam and Indonesia. Cook's past sojourn to Beijing occurred lone last month erstwhile helium pledged Apple's continued concern successful the country.
This article, "Tim Cook astatine CEO Summit successful China to Talk Supply Chain, Trade Issues" archetypal appeared connected MacRumors.com

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