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Chinese Tech Under Pressure
- Chinese tech companies experienced a significant drop in market capitalization, totaling $41 billion.
- This decline is attributed to geopolitical and economic uncertainties, including US-China relations and underwhelming earnings.
Apple's China Dependence
- Apple CEO Tim Cook's visit to China underscores the country's importance to Apple's supply chain and market.
- China is Apple's second-largest market, and the company relies heavily on Chinese partners.
Apple's Balancing Act in Asia
- Apple faces contrasting pressures in Asia, balancing investment demands from Indonesia with its established manufacturing presence in Vietnam.
- Indonesia is pushing for more Apple investment despite its smaller iPhone market compared to Vietnam.