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https://www.techdirt.com/articles/20211211/18561648105/details-leak-apples-secret-275-billion-deal-with-chinese-government.shtml>
"More troubling news has surfaced about Apple's and China's
relationship. Apple relies on Chinese manufacturing to make its phones
and the Chinese government relies on its massive amount of power to
leverage deals that allow it to achieve its ends, many of which are
oppressive.
An exclusive report by
The Information (paywalled) details a $275
billion deal Apple struck with the Chinese government, apparently in
hopes of exempting the company from new regulations that would have
negatively affected its products and services. That deal was signed in
2016 and apparently includes an option for a sixth year, which would
extend it through 2022.
Here's what appears to have been the end result of this deal, which
required Apple to invest heavily in China and work with the government
to develop new technologies and cultivate Chinese tech talent. The
South China Morning Post notes Apple is now back on top of the Chinese
phone sales charts."
Cheers,
*** Xanni ***
