Apple CEO Tim Cook to attend China business forum

Apple CEO Tim Cook is one of the few U.S business leaders scheduled to make an appearance at a Chinese business forum in Beijing this weekend.

According to China Daily and Bloomberg, Cook will be attending the China Development Forum, an annual conference sponsored by the Chinese Communist Party.

This year marks the return of the COVID 19 pandemic and presents an opportunity for Western business leaders to enjoy face time with high-ranking Chinese officials.

The CEO of Apple is already in China - he made a public appearance on Friday at the Apple Store in Sanlitun, Beijing.

Pfizer CEO Albert Bourla and the founder of Bridgewater Associates, Ray Dalio, will also be in attendance, according to reports.

Shares of movie theaters went up on the news that Apple plans to invest as much as $1 billion annually to make films that can be shown on the big screen.

Sources familiar with the company's plans said the information was being hammered out, attributing the information to unnamed sources.

According to Bloomberg, movies that Apple will be released in theaters could potentially see a minimum of one-month runs in cinemas.

The Hollywood studios have been reached out to about the plans, according to the reports.

FOX Business reached out to Apple for comment on Cook's trip, but has not received a response.