Elon Musk reveals plans for a new factory making Megapacks on Shanghai visit, while Apple mulls 'decoupling' from China
While the Tesla CEO is continuing to invest in China, other companies may be looking at ways to distance themselves.Earlier this month Rep. Mike Gallagher, a Republican from Wisconsin, and Democrat Raja Krishnamoorthi met tech executives including Apple CEO Tim Cook and execs from Google and Microsoft to discuss their links with China,Gallagher also met with Disney CEO Bog Iger to discuss US media companies censoring their content for the Chinese market.
"Apple's at the heart of what is the most complex aspect of this competition, which is companies that have a massive presence in China are going have to deal with the fact that some form of selective economic decoupling is inevitable," Gallagher told Bloomberg."It's going to continue." He said that most executives he met wanted"bright, clear lines from the government" telling them which areas of the Chinese economy they should avoid.
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