Apple's Tim Cook Promises To Boost China Investment

Apple will increase investment in China, the company's CEO Tim Cook said during a meeting with the country's industry minister in Beijing on Wednesday, according to an official summary of their exchange. From a report: Many U.S. companies have become cautious about relations with China as the world's two biggest economies have clashed over trade tariffs and as U.S. President Donald Trump seeks to promote manufacture in the United States rather than elsewhere.

But Cook told China's industry minister Li Lecheng the iPhone maker will keep investing in China, the Chinese ministry said, although the summary gave no details of the size of the projected investment.

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