Tim Cook defends faltering Chinese economy

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Tim Cook says Apple will continue to invest in China.
Photo: Apple

Tim Cook has stuck his neck out again in support of the Chinese economy, saying that Apple will continue to pour money into the market, despite a slowing stock market and economy.

“I know some people are worried about the economy,” Cook said in an interview with the Chinese Xinhua news agency. “We’ll continue to invest. China is a superb place to be. Nothing has changed that.”

But why walk when you could take the Apple Car, Tim?
But why walk when you could take the Apple Car, Tim?

Cook has been in China on a publicity tour prior to the opening of the country’s 21st Apple Store this weekend — a store which is among the biggest in the world.

While in China, Tim Cook hiked a section of the Great Wall, and posted photos to the microblogging Weibo network. The image was accompanied by the line: “Happy to be back in China! Started at dawn with a hike along the Wall on Chongyang Festival. Simply breathtaking.”

Apple today announced new plans to invest in solar power plants in the country as part of Apple’s ongoing sustainability projects.

This isn’t the first time Cook has spoken out in support of China. In addition to admitting that Apple designs its new products with the Chinese audience in mind, Cook recently defended Apple’s bullish belief in the “unprecedented” opportunities offered in China.

“I get updates on our performance in China every day, including this morning, and I can tell you that we have continued to experience strong growth for our business in China through July and August,” Cook wrote in an email. “Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks.”

Source: Wired