Chinese Commerce Minister, Apple CEO Discuss US Technology Giant's Future In China

BEIJING (UrduPoint News / Sputnik - 27th March, 2023) Chinese Commerce Minister Wang Wentao met with Apple's CEO Tim Cook in Beijing on Monday and discussed the development of the US technology giant in China, the Commerce Ministry said.

Wang said that China was ready to provide good conditions and services to companies with foreign capital in China, including Apple, according to the ministry's statement.

The sides have also discussed stabilization of production and supply chains relevant to Apple's operation in China, the statement said.�

In early December, the Wall Street Journal, citing sources, reported that in recent weeks, Apple had accelerated the transfer of some of its production outside of China and asked suppliers to more actively plan the assembly of its products in other Asian countries, especially in India and Vietnam.

Apple was also seeking ways to reduce its dependence on Taiwanese assemblers led by Foxconn Technology Group, according to the report. The news outlet noted that the actions were partly a response to the unrest at the iPhone factory in the Chinese city of Zhengzhou.