Apple CEO Tim Cook meets China's Commerce Minister, opens new store in Shanghai
Tim Cook: After meeting the Apple CEO, Wang said that economic and trade cooperation between China and the United States is a stabilizing force for bilateral relations. China is willing to work with the United States to create a fair, stable and predictable environment for trade cooperation between the two countries. Cook is expected to attend the China Development Forum in Beijing next week.
Tim Cook, the CEO of Apple, met with Wang Wentao, the Chinese minister of commerce, on Friday. The two men discussed the growth of Apple in China as well as the trade and economic ties between China and the US. A day after Cook unveiled Apple's newest location in Shanghai, there was a meeting. Apple, a phone manufacturer, is battling with dwindling iPhone sales in China as well as growing competition from local competitors like Huawei.
China-US trade and economic cooperation, according to Wang, is a pillar of stability for bilateral ties. China is prepared to collaborate with the US to provide an environment that is just, steady, and predictable for their trade cooperation. Cook is anticipated to be in Beijing the following week for the China Development Forum. During this time there will be a meeting of CEOs of foreign companies with top Chinese policy makers.
This meeting of China's Commerce Minister with Apple CEO Tim Cook is also very important from India's point of view. Most of the companies involved in manufacturing in China are looking towards countries like India as an alternative under the China Plus One policy. This has reduced the investment of external companies in China to a great extent. In such a situation, it remains to be seen what the meaning of the meeting of Chinese policymakers with officials of foreign companies will be.
