"If China was smart (and they are), what they should do is announce that all Apple phones are banned in China and all Chinese companies are not allowed to do business with Apple, until Apple can prove they do not provide back doors for the US government in their equipment. I wonder what effect a 10% drop in apple share price and all those pension funds that depend on them will have"
Would that really have all that much impact with the likes of Apple? How many iPhones are really in China anyway. Plus it's not like Apple can't move their manufacturing to, say, India.