financetom
Business
financetom
/
Business
/
Braving Trump, Apple's Tim Cook promises to boost China investment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Braving Trump, Apple's Tim Cook promises to boost China investment
Oct 15, 2025 4:21 AM

BEIJING (Reuters) -Apple ( AAPL ) will increase investment in China, the company's Chief Executive Tim Cook said during a meeting with the country's industry minister in Beijing on Wednesday, according to an official summary of their exchange.

Many U.S. companies have become cautious about relations with China as the world's two biggest economies have clashed over trade tariffs and as U.S. President Donald Trump seeks to promote manufacture in the United States rather than elsewhere.

But Cook told China's industry minister Li Lecheng the iPhone maker will keep investing in China, the Chinese ministry said, although the summary gave no details of the size of the projected investment. Apple ( AAPL ) did not immediately respond to a Reuters' request for comment. 

The tech giant, which has also made investment pledges to Washington, has so far managed to be relatively unscathed by the trade war between the United States and China. Other companies, such as Nvidia and Qualcomm have found themselves the target of Chinese investigations.

Washington has long placed sanctions on Chinese companies such as Huawei.

BALANCING ACT

A Shanghai-based government affairs consultant, who requested anonymity because he was not authorised to speak with media, said U.S. companies are wary of angering a White House that could hurt them at home in the world's biggest consumer market for appearing too pro-China.

At the same time, they are seeking to avoid appearing insincere in Beijing where they have pledged to be "in China, for China," he added.

Cook in August presented Trump with a custom U.S.-made plaque mounted on a 24-carat gold stand commemorating Apple's ( AAPL ) "American Manufacturing Program," after saying it would invest an additional $100 billion in domestic manufacturing.

When Cook visited China in March, Apple ( AAPL ) made public its plans for a new clean energy fund there worth 720 million yuan ($101 million).

Meanwhile, Apple ( AAPL ), which relies on suppliers and factories in China where most of its iPhones are assembled, has been trying to shift some manufacturing capacity to India.

Apple's ( AAPL ) COO Sabih Khan on Tuesday visited Lens Technology, a Chinese glass supplier for Apple ( AAPL ), the Changsha-based company said in a statement on Wednesday.

Lens Technology produces glass covers for Apple ( AAPL ) products including the iPhone and Apple Watch and has been a partner for 19 years, it said.

China hopes Apple ( AAPL ) will continue to explore the Chinese market and grow together with Chinese suppliers, the industry minister, Li Lecheng, who is also in charge of infotech, told Cook, adding that China would continue to foster a good business environment for foreign companies, including Apple ( AAPL ).

'CHOOSING CHINA'

Apple's ( AAPL ) shipments in China grew 0.6% from a year earlier to 10.8 million units in the third quarter against the backdrop of sluggish demand in China's smartphone market, according to data research firm IDC on Wednesday.

Boosted by the iPhone 17 series, it was the only brand among China's three biggest vendors to achieve growth in shipments during the period.

As part of his visit to China this week, Cook visited Apple's ( AAPL ) store in Shanghai and met Chinese game developers and the designer of the popular Labubu dolls, he said in posts on China's X-like Weibo.

On Monday, he said the iPhone Air would be available for pre-order in China after the industry ministry cleared the way for major telecom operators to support its eSIM functionality.

"The business community has always been a stabiliser of China-U.S. relations and a promoter of pragmatic cooperation," China's ambassador to the U.S., Xie Feng, said during an event in Washington on Tuesday.

Many U.S. companies have "chosen China" and are benefiting both countries, Xie added.

($1=7.1258 Chinese yuan renminbi)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Starboard to detail need for change at Tripadvisor at conference, sources say
Starboard to detail need for change at Tripadvisor at conference, sources say
Oct 19, 2025
NEW YORK, Oct 19 (Reuters) - Activist investor Starboard Value, which built a 9% stake in Tripadvisor ( TRIP ) earlier this year, plans to discuss the need to make changes at the travel-review company at an industry conference on Tuesday, two sources familiar with the matter said on Sunday. Starboard, which is run by Jeff Smith, has been engaging...
Trump vows to keep 'massive' tariffs on India until Russian oil imports cease
Trump vows to keep 'massive' tariffs on India until Russian oil imports cease
Oct 19, 2025
ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying massive tariffs if it did not do so. I spoke with Prime Minister Modi of India, and he said he's not going to be doing the...
Soccer-Tel Aviv derby called off after violent riots, Israel Police says
Soccer-Tel Aviv derby called off after violent riots, Israel Police says
Oct 19, 2025
Oct 20 (Reuters) - The Tel Aviv derby between Hapoel and Maccabi was cancelled on Sunday due to public disorder and violent riots, Israel Police said. The Israeli Premier League match was scheduled to take place at Bloomfield Stadium, which is shared by both clubs, with Hapoel designated as the home team. Police said 12 civilians and three police officers...
India Morning Newsletter, October 20
India Morning Newsletter, October 20
Oct 19, 2025
(The India Morning Newsletter will not be published on Tuesday, October 21, and Wednesday, October 22, on account of the Diwali Laxmi Pujan and Balipratipada holidays, respectively) To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved