China lauds Apple for its consistent collaborations with local partners
Chinese Commerce Minister Wang Wentao held a meeting with Apple CEO Tim Cook in Beijing on Friday.
During the discussion, both parties addressed Apple's business prospects in China and the broader context of China-U.S. economic and trade relations. Cook expressed a commitment to long-term development and increased investment in China, as indicated by a press release from the Ministry of Commerce.
Wang pointed out that China has recently introduced new opening-up measures and has taken concrete steps to alleviate the concerns of foreign-invested enterprises. He encouraged Apple to take advantage of these opportunities and further deepen its market presence in China.
"China will further optimize its business environment and continue to provide high-quality services for foreign-funded firms," stated the minister.
Wang emphasized that a cooperative approach to China-U.S. economic and trade relations, grounded in mutual benefit and win-win results, is in the fundamental interests of both countries and contributes to the stabilization of bilateral relations. He remarked, "Generalizing national security is detrimental to normal economic and trade exchanges."
He expressed a willingness from the Chinese side to restore robust and stable development in economic and trade relations with the U.S. through regular government-business dialogue.
Cook remarked that China's rapid growth supports Apple in achieving swift and sustainable progress. He acknowledged that Apple considers China a crucial market as well as a key partner in its supply chain, reaffirming the company's commitment to long-term development in the region. Cook mentioned that Apple will persist in increasing investment in sectors such as the supply chain and research and development.
Additionally, he noted, "The company will continue to serve as a bridge for communication and exchanges between China and the United States in the economic and trade fields."
Olivia Brown contributed to this report for TROIB News