Senior executives from tech giants in the United States spoke highly of the Chinese market and supply chain after their long-delayed return to the China Development Forum this weekend, a sign that industry experts believe reflects their recognition of one of their biggest markets worldwide.
Tim Cook, CEO of US tech giant Apple Inc, started his speech to the forum on Saturday by saying that "it was so wonderful to be back". It was his first trip to China since the COVID-19 pandemic.
He spoke of the way Apple's relationship with China has changed from focusing on supply to "more and more interactions with Chinese customers" later.
"Apple and China grew together, a symbolic kind of relationship both enjoyed," he said.
Amid market rumors that some US tech firms are exploring the possibility of moving production and assembly away from China, Cook didn't directly mention the issue but spoke highly of the company's "very large supply chain", millions of developers and thriving App Store.
The US tech giant assembles most of its components in China and has 5 million registered Chinese mobile app developers in its iPhone ecosystem.
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Post time: Mar-28-2023
