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Apple CEO Tim Cook Calls For More Global Trade With China
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20 Mar 2017 02:09 AM EST

According to Reuters, while speaking at a the government-sponsored China Development Forum in Beijing on Saturday, Apple Chief Executive Tim Cook expressed support for globalization and said China should continue to open its economy to foreign firms. Cook said, "I think it's important that China continues to open itself and widens the door if you will". Cook's comments come amid rising tensions between the U.S. and China, with protectionist rhetoric from U.S. President Donald Trump sparking concern of increased trade friction between the two countries. Cook said, in a rare public speech "The reality is countries that are closed, that isolate themselves, it's not good for their people". Apple said on Friday it will set up two new research and development centers in Shanghai and Suzhou in China. It has pledged to invest more than 3.5 billion yuan ($508 million) in research and development in China.

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