Apple, Micron Executives Meet Chinese Officials

Apple COO Jeff Williams and Micron President Sanjay Mehrotra visited Beijing to meet with Chinese officials, including Vice-Premier He Lifeng and Foreign Minister Wang Yi, amidst rising U.S. tech export restrictions against China. The meetings emphasized the need for U.S. companies to engage actively in China's economic reforms and modernization efforts. He Lifeng highlighted the importance of participation from American firms, while Wang Yi discussed the outcomes of the Communist Party's Third Plenary, aiming to foster a better understanding of China among U.S. businesses. Both executives, who are part of the U.S.-China Business Council, face challenges as Apple relies on China for 20% of its sales and Micron deals with restrictions on its products. This visit underscores the delicate balance U.S. tech companies must maintain as they navigate the complexities of the Chinese market under tightening regulations. The ongoing geopolitical tensions necessitate that foreign firms closely monitor China's political and regulatory landscape.