The decline in Apple’s share price at the opening of the NYSE on 24 August prompted CEO Tim Cook to comment on the company’s outlook for China, a major growth market for the technology firm. Cook, in an email to CNBC host Jim Cramer, said it continues to see strong growth in its business in China, despite the turmoil in Chinese stock markets. The share recovered to close the day 1.7% lower. Investors have been concerned about the slowing growth in China, which represents 17% of global GDP, and the implications thereof for the global economy. China has accounted for nearly 30% of global growth since 2010, reported.