China's Commerce Minister, Wang Wentao, recently held meetings with Tim Cook, CEO of Apple (AAPL, Financial), and Cristiano Amon, President and CEO of Qualcomm (QCOM), to discuss business developments and Sino-American trade relations. Wang emphasized China's economic resilience and vitality, highlighting the nation's role as a global leader in innovation. He assured that China will continue to open up its market, providing a fair competitive environment for foreign enterprises. Wang invited Apple to increase its investment and integration into the Chinese market to share in development opportunities.
Tim Cook expressed Apple's commitment to expanding its supply chain, research and development, and social initiatives in China, describing the company's growth in the country as a model of mutually beneficial US-China economic cooperation. He acknowledged the vital role of businesses in bridging communications between China and the US, committing Apple to play an active role in fostering stable and healthy economic relations.
In the meeting with Qualcomm's CEO, Wang reiterated China's dedication to integrating its development with global progress, advocating for economic globalization and multilateralism. He acknowledged the current economic challenges marked by fragmentation and uncertainty and called for government and corporate collaboration to address these risks. Wang highlighted China's ongoing efforts to enhance market openness and address business concerns, particularly as China accelerates its consumer goods renewal policy. He encouraged Qualcomm to seize the emerging opportunities in the Chinese market, driven by advancements in semiconductor and artificial intelligence technologies.
Cristiano Amon noted Qualcomm's nearly 30 years of growth alongside China's mobile communications industry and expressed optimism about China's future. He committed to further investment in China, emphasizing Qualcomm's role as a communication bridge and exemplar of US-China cooperation.
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