China tells Tim Cook it is dedicated to Apple relationship, welcomes overseas organizations

What simply came about? Tensions between the US and China continue to rise as each countries announce new export regulations towards every different, however it seems the Asian state's courting with Apple stays robust. In a recent meeting with Chinese Vice-Premier Ding Xuexiang, Apple boss Tim Cook became advised that China's doorways are "open" and that it became willing to offer extra opportunities for foreign-funded companies consisting of Apple "to increase" within the u . S ..

Cook made a wonder journey to China remaining week, his 2nd this 12 months. He visited Apple's Taikoo Li save in which the CEO met young game enthusiasts competing in an Honor of Kings tournament. Cook additionally visited the forests of Sichuan to meet representatives from the China Foundation for Rural Development (CFRD).

Cook met with Ding on Thursday for closed-door discussions. The Chinese Vice-Premier changed into one among numerous excessive-ranking officers Cook noticed throughout the trip after the lighter start to his go to.

From Cook's go to to China in advance this yr

Chinese state radio mentioned that Ding said China welcomed Apple and other foreign-funded businesses "to broaden" within the country. Cook stated Apple became confident inside the possibilities of the Chinese market and was inclined to strengthen cooperation with China in fields along with excessive-quit production, digital economy, and different regions.

Apple has long loved a higher courting with China than most overseas businesses – Cook defined it as "symbiotic" in March. But matters haven't been going as smoothly in recent times. While still a first-rate marketplace, iPhone sales in the united states of america had been in decline. Apple saw its stocks fall in September after China increased an iPhone ban to greater authorities workplaces and businesses, and the business enterprise stated earlier this month that it might now not list unlicensed apps on its store within the mainland.

Apple has been diversifying its supply chain following the pandemic and rising tensions among the US and China, however Cook's feedback recommend that the u . S . Will continue to be the maximum crucial detail in its tool manufacturing method. Cook also stated at some point of his go to that he was enthusiastic about the paintings Chinese-based totally developers had achieved on apps for the Vision Pro headset.

The Chinese Ministry of Commerce (through Xinhua) reports that overseas direct investment in mainland China became down more than 8% 12 months on yr within the first 9 months.

After the US similarly tightened regulations on chip exports to China final week, Beijing announced that it turned into enforcing its personal rules at the export of graphite, an essential fabric utilized in EV battery production.