Apple CEO Tim Cook Urges China to Open to Foreign Investors; Discusses Importance of Cyber Policy During Forum

Posted: 03/20/17 08:31AM EDT

Apple CEO Tim Cook made a bold statement when he said, China needs to open more to foreign investors or risk jeopardizing the livelihood of its people. The statement was made during the China Development Forum wherein, the statement came at a time when friction between the Chinese and U.S government seem to intensify by the day.

Cook's speech focused on the advantages of global trade and the importance of countries to keep their options open and not to close doors on foreign investments. In his statement, he said "I think the worst thing would be to - because it didn't help everyone - is to say it's bad and do less of that. I think the reality is you can see that countries in the world... that isolate themselves, it's not good for their people."

According to MacRumors, Cook's statement avoids the sensitive issue of Chinese politics. Meanwhile, he also stressed out the importance of mainstream encryption of data to secure the privacy of users. "We think that an individual should own their data and should be able to control their data." Cook's statement is an indirect jab on Chinese' cyber privacy policy, which features a not so common practice that makes it people wary of their private data.

According to the GadgetsNow, The Global Times made a warning that if Donald Trump's political innuendos affect China's then Apple and Boeing are the first businesses to suffer, at least in the Asian region specifically China.

Meanwhile, Cook despite the threat announced that Apple plans to put up new research and development centres in the regions of Shanghai and Suzhou in China.

The project guarantees a total of 3.5 billion yuan or approximately $508 million investment in the research and development agency of China. On Monday, Tim Cook is scheduled to meet China's Xu Lin, director of the Cyberspace Administration.

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