Tim Cook announced at a meeting with Chinese Vice Premier Zhang Gaoli, that the company will increase its investment in the second world economy.
Tim Cook, Apple’s CEO, announced on Monday the opening of a research centre of the US firm in China before the end of this year. Cook gave the news during a meeting with Chinese Vice Premier Zhang Gaoli in Beijing.
At the meeting, it was said that Apple will increase its investment in the second world economy without giving further details, except for the creation of such centre. The space that Apple plans to open will be the first of its kind in Asia and the Pacific.
In a nod to the Chinese Government, the CEO also noted that Apple will participate “actively” in the strategy of the Executive Asian country to use the Internet and other technologies in conventional industries, which Beijing calls “Internet Plus”.
Meanwhile, the Chinese Vice Premier has encouraged other US companies to follow the trail marked by Apple and increase their investment, since, in his opinion, “Cooperation between China and the United States injects dynamism to the economies of both countries and boosts global growth.”
Terry Gou, Foxconn’s CEO, Apple’s main supplier in the country also attended the meeting.
Apple has in China its second largest market behind the United States, and has made investments in different sectors, the last one was no less than 1,000 million dollars to invest in the transport company Didi shared ChuXing, considered the equivalent of Uber in China.
In June, Chinese authorities ordered Apple to stop selling two models of iPhone in Beijing for a case of rape, months after they forced the company to close its services on the iBook Store and iTunes Movies in the country.