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Apple CEO Tim Cook to meet top China officials amid growing risks of supply chain decoupling with the US
- Apple’s Tim Cook and several US executives will attend the China Development Forum, where they could potentially meet new Chinese premier Li Qiang
- US companies like Apple are facing the challenge of showing their commitment to the world’s second-largest economy while placating politicians at home
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Ben Jiangin Beijing
Apple CEO Tim Cook will be among a small group of top US executives attending a high-profile summit hosted by the Chinese government this weekend, in a show of commitment to the market amid decoupling risks and supply chain adjustments.
The head of the world’s most valuable company will join Jon Moeller, CEO of consumer goods giant Procter & Gamble; Stephen Schwarzman, CEO of investment firm Blackstone; and Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, at the China Development Forum (CDF), according to the event’s website.
The two-day meeting, viewed as Beijing’s answer to the World Economic Forum’s annual summit in Davos, Switzerland, will be the first offline CDF gathering in three years since the Covid-19 outbreak.
Multinational executives attending the event, held at the Diaoyutai State Guesthouse in the Chinese capital city, are set to rub shoulders with China’s economic ministers and top officials.
Over the years, foreign business leaders were often granted the chance to meet China’s prime minister. This year’s event may see Li Qiang, the new premier, meet C-suite executives from overseas for the first time since he took the top job this month.
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