BEIJING — Chinese President Xi Jinping met with top U.S. executives in Beijing Wednesday, as his government tries to reassure foreign businesses about a market that remains crucial for their bottom lines despite persistent tensions between the world’s two biggest economies. Xi met the group of American businesspeople and academics at the Great Hall of the People, Chinese state media reported. The meeting was preceded by a group photo.
3%. But the company is under intense pressure from domestic competitors such as Huawei, and iPhone sales reportedly fell by 24% in the first six weeks of this year compared with a year earlier. The use of iPhones at Chinese government agencies and state-owned enterprises has also reportedly been restricted amid national security concerns, much like the Chinese app TikTok has been banned from U.S. government devices. Those are not the only challenges facing Apple, which was sued by the U.S.
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