India, April 14 -- As global discussions on shifting manufacturing away from China continue, a resurfaced video of Apple CEO Tim Cook has shed new light on why the tech giant remains committed to the country's production network.

The video, which has been circulating on social media, features Cook countering a popular belief that companies manufacture in China due to cheap labour. Instead, he explains that the real advantage lies in China's vast and deeply developed industrial ecosystem.

"There is confusion about China. And let me at least give you my opinion. The popular conception is that companies come to China because of low labour costs. I am not sure what part of China they go to, but the truth is China stopped being a low labour ...