-
Apple’s Tim Cook says Chinese stimulus is working — and he’s not the only one
Apple CEO Tim Cook says he is a lot more bullish on China than he was three months ago — and he’s not the only one. On Apple’s earnings call Tuesday, Cook said improved trade dialogue between the U.S. and China as well as stimulus measures from Beijing were improving consumer confidence in the country “in a positive way.” The comments add to a growing list of CEOs, policymakers and investors expressing more optimism on the outlook for the Chinese economy. “We certainly feel a lot better than we did 90 days ago,” Cook said. In January, China reported its official economic growth rate was 6.6% for 2018, ... (full story)