“Apple Inc. will set up a research and development center in China’s manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in the world’s second largest economy amid growing competition,” Sijia Jiang reports for Reuters.

“The Shenzhen hub follows a similar plan for a center in Beijing, and comes as Apple is looking to bounce back in China, where local rivals like Huawei Technologies, OPPO and Vivo have been taking market share from its flagship iPhone,” Jiang reports. “Apple’s chief executive Tim Cook announced the plan during a meeting with senior officials from the southern Chinese city where he is attending a nation-wide innovation event, the Shenzhen Economic Daily reported.”

“The Shenzhen Economic Daily, citing Cook, said Apple was keen to attract talented software developers in the city, which remains an important center for manufacturing Apple products,” Jiang reports. “It added Terry Gou, founder and chief executive of Apple’s major supplier Foxconn, also attended the meeting.”

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MacDailyNews Take: Now, about those iTunes movie and iBooks Store sales, China…

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