Apple CEO Tim Cook calls for more global trade with China in rare public speech.




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Apple CEO Tim Cook calls for more global trade with China in rare public speech as his company faces political pressure to bring back U.S. factories.
Apple Chief Executive Tim Cook has expressed support for globalization during a rare public speech in China, as his company faces political pressure in the U.S. to bring back factories.
Cook said China should continue to open its economy to foreign firms, while speaking at the government-sponsored China Development Forum in Beijing on Saturday.
‘I think it’s important that China continues to open itself and widens the door if you will,’ Cook told the forum.
The Apple CEO’s comments come amid rising tensions between the U.S. and China, with protectionist rhetoric from U.S. President Donald Trump sparking concern of increased trade friction between the two countries.
‘The reality is countries that are closed, that isolate themselves, it’s not good for their people,’ Cook said.
He said that globalization had lifted hundreds of millions out of poverty across the world.
Cook, who rarely gives public speeches, said Apple’s innovation could help drive job creation in China and that the company’s app development already supported nearly two million jobs in the country.

Source: http://www.dailymail.co.uk

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