Tim Cook: China Stopped Being The Low Labour Cost Country Many Years Ago 🇨🇳

there's a confusion about China that uh and let me at least give you my opinion the the popular conception is that companies come to China because of low labor cost I'm not sure uh what part of China they go to but the truth is China stopped being the low labor cost country many years ago and that is not the reason to come to China from a supply point of view the reason is because of the skill and the the quantity of skill in one location and the type of skill it is like um the products we do require really Advanced tooling and the the Precision that you have to have in tooling and working with the materials that we do are state-of-the-art and the tooling skill is very deep here [Music]

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