Deal with the Devil: Apple Signed $275 Billion Contract with China to Avoid Crackdown

Apple CEO Tim Cook reportedly signed a $275 billion deal with China in 2016 in order to prevent a crackdown by the communist government on its vast business in the country. The Masters of the Universe committed to “grow together with Chinese enterprises to achieve mutual benefits and a win-win situation.” The Information reports that Apple CEO Tim Cook signed a deal with China in 2016 worth $275 billion to prevent restrictions on its business in the country. As part of the deal, Apple agreed to help Chinese firms build “the most advanced manufacturing technologies” and invest “many billions of dollars” in the country. The five-year agreement was designed to placate Chinese government officials who felt that Apple was failing to invest enough in the Chinese economy.-- More...