Beijing Shelves 'Made In China 2025' Plan, But This Long-Term Risk Looms [Investor's Business Daily]
Apple Inc. (AAPL)
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Source: Investors Business Daily
Related news A report that China will replace its Made in China 2025 plan for dominating advanced technology industries helped give the Dow Jones industrial average and broader stock market a boost Wednesday. X The move to carve out a bigger role for foreign companies is an essential concession for reaching a trade deal with the U.S. and provides more confirmation that President Trump is winning the China trade war. Apple ( AAPL ) stock joined in the Dow relief rally after a report that the iPhone maker and suppliers would mull a production shift out of China if Trump hits it with 25% tariffs. The Dow Jones industrial average rose about 350 points, or 1.4%, in midday trade on the stock market today . Apple, a Dow Jones component, rose about 1.3%, while the Nasdaq climbed 1.9%. On Monday, a Chinese court slapped a temporary ban on sales of some older Apple iPhones, which may have been more than a coincidence as Huawei is essentially on trial in the West. The action initially sent
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AAPL
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