Vice Premier Ding Duexiang of China Decides to Grow Nation’s Digital Economy
Date : 20th October, 2023
Location:
THE SOIL – Vice Premier Ding Duexiang of China invited Apple CEO Tim Cook to work with him on developing the nation’s digital economy during an unplanned visit to Beijing. This deal was made soon after the iPhone 15 was made available in China.
Cook’s entry is timed to take advantage of the growing competition in Apple’s third-largest global market between the Chinese telecom giant Huawei and the American tech titan. This visit also coincides with Beijing’s increased monitoring because of security concerns.
iPhone 15 Sales Falls By 4.5%
Sales of the iPhone 15 fell 4.5% in the first 17 days of its debut in China in comparison to the iPhone 14, according to data released by Counterpoint Research. However, the report did not include any precise sales data.
China tightened regulations on the use of iPhones by government workers in September, telling staff members at a few major government agencies not to use their Apple phones while on the job.
China is Eager to Create Environment that Fosters Growth of Foreign-Owned Companies, Indicating Apple
Ding assured Cook during their Thursday meeting that China is eager to create an environment that fosters the growth of foreign-owned companies, such as Apple, within the nation, according to Chinese official radio.
Cook reaffirmed Apple’s conviction in the Chinese market’s enormous potential. According to a report on state radio, he also expressed the company’s intention to strengthen partnership with China, especially in sectors like advanced manufacturing and the digital economy.