Apple Eyes Expansion in China Amid Trade Talks

China's commerce minister, Wang Wentao, encouraged Apple to invest more in the country during discussions with CEO Tim Cook. Their meeting centered on Apple's growth in China and Sino-American trade relations. The forum also attracted other foreign CEOs, some of whom might meet President Xi Jinping later.

China's commerce minister, Wang Wentao, extended an invitation to Apple for increased investment in the nation during a meeting on Monday with CEO Tim Cook. The news was revealed in a statement from the ministry.

During their discussion, both parties explored avenues for Apple's business expansion in China and deliberated on the broader economic and trade relations between China and the U.S.

This meeting was part of the China Development Forum, which took place in Beijing over the weekend, attracting numerous foreign CEOs. Sources indicated that some participants could meet with President Xi Jinping later this week.

(With inputs from agencies.)