World

China apprehensive of Cook's plans for India

As Apple CEO Tim Cook spoke of plans to expand manufacturing operations in India, China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs, Chinese state-run media said.

"It seems the time has come for China to consider whether it is ready for the possible exodus of Apple Inc's production chain," an article in Global Times said, referring to Cook's comments during his India tour.

Cook had discussed with Prime Minister Narendra Modi the "possibilities of manufacturing".

"Cook shared Apple Inc's future plans for India. He spoke of the possibilities of manufacturing and retailing in India.

He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap," an official statement had said.

"Cook's words have prompted a heated discussion in China.

Wage increase have apparently eroded China's labour competitiveness, resulting in the departure of a number of manufacturing businesses. Now people are wondering if Apple will be the next one," the Global Times said.

Apple's decision could affect the jobs of tens of thousands of Chinese workers. However, a see-saw battle between China and India over the technology giant is not the only solution, it said.

It is natural that Apple would want to move its manufacturing base from China to another Asian nation to lower production costs. In fact, before Cook's words, some major Apple suppliers such as Foxconn had already announced plans to expand their business in India," the report said.
source PTI

War with N Korea is avoidable: UN chief

United Nations: A war with North Korea is avoidable, UN Secretary-General Antonio Guterres said today, urging direct talks between key powers on disma...

Fire rips through maritime museum in Indonesian capital

Jakarta: A fire ripped through a 17th century Dutch colonial building that houses a maritime museum in the Indonesian capital today, causing extensive...

Pope voices nuclear war concerns at he begins Latin America trip

Santiago: Pope Francis admitted today he was frightened by the prospect of an accidental nuclear apocalypse, as he began a weeklong visit to Chile and...

World's fifth largest diamond discovered in Lesotho

Maseru: A diamond thought to be the fifth largest of gem quality ever found has been discovered in Lesotho, miner Gem Diamonds said today, and could b...