Photo: ReutersBeijing: Apple chief executive officer (CEO) Tim Cook expressed support for globalisation and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing on Saturday. “I think it’s important that China continues to open itself and widens the door if you will,” said Cook, speaking at the government-sponsored China Development Forum. Apple said on Friday it will set up two new research and development centres in Shanghai and Suzhou in China. Apple has been singled out in Chinese media as a potential target for retaliation in the event of a trade war. The Global Times warned last November if Trump triggered a trade war with China, Beijing would then target firms from Boeing to Apple in a “tit-for-tat” approach.

Source: Mint March 18, 2017 11:03 UTC