How Does Apple Deal With China's Data Privacy Crisis?

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Apple has a gaping wide open Achilles heel. 95% of its iPhone production is concentrated in China. If Washington and Beijing are really tussling over Taiwan, Apple probably has the most to lose. Patrick McGee: It's just so striking how dependent Apple is on China.

Digital asset exchanges are rushing to reassure clients that their funds are safe as the FTX collapse ricochets through the industry, a top Federal Reserve official says the US central bank is entering a new phase of policy tightening that will be harder to navigate, and Apple’s reliance on China leaves the business vulnerable to supply chain shocks.

Mentioned in this podcast:

Crypto exchanges race to soothe clients’ nerves after FTX collapse

Fed faces tough task deciding when to stop raising rates, official warns

Apple’s bargain with Beijing

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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