At that time, the Chinese authorities drew attention to the fact that Apple is not involved in helping the country's economy, but is exploiting its workers and has occupied many production lines. After that, Tim Cook had to personally come to China for negotiations several times. He took them to Apple's Chinese office with senior officials in the country.
To show the operational financial capabilities of the company, Cook entered into a $ 1 billion investment agreement in May 2016 with Chinese taxi service Didi.
After that, Cook entered into a five-year agreement with China, designed to invest $ 55 billion a year in the development of the country.
In addition to direct investment in Apple production, according to the agreement, the company was supposed to make a significant contribution to the development of the economy and technological achievements of China , conclude good business deals for the country, modernize factories with the most advanced manufacturing technologies, use more components from Chinese manufacturers in its products and provide training for employees.
devices due to the political or economic situation in the world, as well as between the United States and China. Also, under this agreement, no blocking has been taken in China in relation to Apple Pay, iCloud and the App Store, provided that these services comply with local laws and remove content prohibited in the country.
The agreement expired in May this year and it should have be automatically renewed for another 5 years, but there is no information on whether this was done by Apple and China. At present, relations between the countries have become more tense. China has received a lot of infusion into its economy and may begin to respond to the economic sanctions against Chinese companies that the United States has been imposing for several years.
bbabo.Net