No 'decoupling' here: Apple, Samsung, and Qualcomm sing China's praises
Some of Big Tech's top execs have sung China's praises at the 2023 China Development Forum – an annual government-organized event that returned from its COVID hiatus over the weekend.
Attendees included senior government officials and over 50 chief and senior executives from around the world. According to the, this included not only Apple's Tim Cook, but Qualcomm's Cristiano Amon, as well as execs from Johnson & Johnson, Procter & Gamble, Abbott Laboratories, BMW, Mercedes-Benz, Shell, Rio Tinto, and Singaporean sovereign-wealth fund Temasek Holdings.
Even a recent $31 million fine and three-month suspension of operations from Beijing didn't scare professional services network Deloitte away.sent high level execs. IMF managing director Kristalina Georgieva reportedly declared that every percent increase in China's GDP would drive economic growth of other Asian countries by 0.3 percent.
Apple's Cook also spoke positively of China's progress, according to Chinese state-sponsored media."Innovation is developing very fast in China, and I think it will accelerate again,"The CEO also announced Apple was increasing its donations to the China Development Research Foundation to $14.5 million – of which half will fund digital technology education in underdeveloped areas of the Middle Kingdom.
"We are honored to deepen our understanding of Chinese education, support for careers and create opportunities for young learners in rural areas," Cook reportedly said.
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