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‘China has Apple by the balls’: How the rising superpower captured the tech giant
Apple Inc reaped staggering profits by outsourcing its manufacturing – but its “epic” technology transfer has consequences, says one long-time observer.
They created bonded zones [places offering generous tax breaks and streamlined customs procedures to attract foreign investment] in cities like Shenzhen. The government provides you with the labour from the western part of the country, where literally millions are leaving backbreaking agricultural jobs to work 12-hour shifts in factories. China has the capacity to move an entire Western city’s worth of people, say, up to 500,000, who are willing to relocate for a few months at a time to assemble iPhones and then go someplace else.
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