Apple’s Tim Cook joins CEO summit with China premier as economy sags
Tim Cook joined more than 20 corporate leaders in discussions with China’s premier Monday, as global companies grapple with potential trade disruptions and economic uncertainty.
Cook, who’s visiting the country for at least the third time this year, joined top executives of global firms including Rio Tinto Plc, Corning Inc. and Charoen Pokphand Group in a meeting with Li Qiang, according to people familiar with the matter, who asked not to be identified discussing a private session.
Chinese corporate chiefs including the heads of Lenovo Group and ICBC also attended the discussions focused on supply chain and trade issues, according to a guest list seen by Bloomberg News. The event comes ahead of a supply chain expo in Beijing that starts on Tuesday.
The meeting, in which about two dozen executives took part, marked the first high-level meeting between foreign corporations and a senior Beijing official since Donald Trump won a second four-year term. Companies worldwide are bracing for the president-elect’s threat to hike tariffs on Chinese goods.
Li said Beijing is against decoupling and urged efforts to maintain the stability of the global supply chain, China National Radio reported. He also vowed to continue developing the Chinese economy.
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