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

Trade war begins: US, China impose tariffs on each other

Washington: The trade war between US and China picked steam after the two biggest economies in the world slapped half-baked tariffs on each other.Esca...

Maldives, fast becoming a pawn in the new Great Game

Washington: One after the other, the countries around India are falling prey to China's predatory economics.After Pakistan and Sri Lanka, Maldives has...

Trump slams Clinton for her remarks on his voters

Washington: US President Donald Trump has slammed Hillary Clinton for her controversial remarks in India against his voters, saying Democrats have los...

Empowered Xi Jinping Says China Ready To Fight 'Bloody Battle'

Beijing: President Xi Jinping delivered a blistering nationalist speech on Tuesday, warning against any attempts to split China and touting the countr...