Xi Jinping vows wider China access for US companies with Apple’s Tim Cook present
AAPL•Chinese President Xi Jinping assured US business leaders, including Apple’s Tim Cook, that China will widen market access for foreign firms and increase joint cooperation. He reiterated that China’s “door to the outside world will only open wider,” signaling potential easing of trade barriers impacting Apple’s China revenue prospects.
1. Xi Jinping’s Wide-Open China Promise
At the Great Hall of the People in Beijing, Xi Jinping told more than 10 US executives that American enterprises have greatly benefited from China’s reform and opening, and he pledged that China’s door will open even wider to the outside world.
2. Attendance of Apple’s Tim Cook and Peers
The meeting included Tesla’s Elon Musk, Boeing’s Kelly Ortberg, Nvidia’s Jensen Huang and Apple’s Tim Cook, underscoring China’s desire to reassure leading US tech and manufacturing firms of its commitment to foreign investment.
3. Implications for Apple’s China Presence
Xi’s remarks signal potential easing of longstanding trade and market-access barriers, offering Apple prospects for broader app approvals, retail expansion and smoother component sourcing within its second-largest market.
