Hong Kong stocks Apple concept plate fell, Gaowei electronics fell nearly 8%
Apple's concept sector in Hong Kong stocks fell, with Gaowei electronics down nearly 8%, Qiuti technology down more than 4%, Shunyu optical technology and fuzhikang group down more than 3%, and Ruisheng technology down nearly 2%.
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Apple and China: A Mutually Beneficial Relationship
In 2019, around 46% of Apple's suppliers were Chinese companies or China-based factories. Not only do Chinese firms rely on Apple's sizable orders, but Apple also sees benefits from the country’s high cost-efficiency and growing innovation.
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