Apple’s secret $275 Billion deal with China in 2016

Apple’s secret $275 Billion deal with China in 2016. By Anders Corr.

Apple Chief Executive Tim Cook inked a $275 billion giveaway in 2016 that explains the tech company’s success in China, according to secret documents reportedly seen by The Information. …

What tech did Apple give away to be allowed to sell in China?

At the time, Chinese authorities were angry about Apple not doing enough for China’s economy and shutting “down iTunes books and movies in April 2016,” according to the report’s source.

To sweeten the negotiations, Cook apparently agreed to a $1 billion investment in Didi Global, Uber’s Chinese competitor, at a critical time in the fight between the two companies for ride-hailing market shares in China. A few days later, Apple agreed to spend $275 billion in China over five years, including on what should be considered forced technology development and transfer.

According to The Information’s Wayne Ma, the deal “committed Apple to aiding roughly a dozen causes favored by China,” including “a pledge to help Chinese manufacturers develop ‘the most advanced manufacturing technologies’ and ‘support the training of high-quality Chinese talents.’”

The secret agreement with Beijing stated that Apple would “use more components from Chinese suppliers in its devices, sign deals with Chinese software firms, collaborate on technology with Chinese universities, and directly invest in Chinese tech companies,” according to Ma.

“Apple promised to invest ‘many billions of dollars more’ than what the company was already spending annually in China,” he said. “Some of that money would go toward building new retail stores, research and development centers, and renewable energy projects.”

And political causes:

Apple is among other U.S. corporations — including Nike and Coca-Cola — lobbying Congress against the core provisions in a measure that was just approved by the House against the use of Uyghur forced labor in China. …

Rewards for being in bed with the CCP:

According to a 2020 report from the Australian Strategic Policy Institute (ASPI), Apple is a beneficiary of Xinjiang’s forced labor transfer programs through Apple suppliers O-Film Technology and Foxconn.

“Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 82 well-known global brands in the technology, clothing, and automotive sectors, including Apple, BMW, Gap, Huawei, Nike, Samsung, Sony, and Volkswagen.”

Joanne Nova:

Will the Greens give up their love of Apple when they hear how it effectively sold out its principles, tech secrets, and jobs to the Chinese Communist Party?

Apple is the world’s biggest company, a $3 Trillion giant. Yet in order to get into the worlds biggest new market, it looks like Apple sold out the nation and the civilization that bore it. …

China siphons off Western intellectual property, often with the help of the West.

First China hauled (and we gave) the factories, then it was the hi tech industry, now it’s biomedical ingenuity. The pattern repeats. China offered cheap labor for manufacturers and the tech industry with few annoying environmental burdens. Now China offers money and freedom from ethical quandaries for researchers who want to clone, create bioweapons, or hybrid human-animal cells. …

As Z-Man said about the biotech theft:

“Most important, what we are seeing is what happens when a society decides that the value of everything is what someone will pay for it. In America, everything has a price, so nothing has value. The elites are happy to trade technology to China, because the only thing that matters is short term profit. From the Chinese perspective, the American empire is not a competitor. It is just a big candy store that she can systematically pick clean until it finally collapses. This is the war China knows it can win.

Where is the media? Where are the righteous, indignant fashionistas? Is Greenpeace protesting?

Would Steve Jobs have done that? I think not, because he was more into beauty and principles.