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Apple Pay has now fully covered the European Union and enjoyed in a total of 47 markets, he said, adding that Apple Pay also launched the payment card for China's Didi, the world's largest ride-hailing provider.

As China shifts its focus to attract more foreign investment in high-end manufacturing, services and green industry to transform its economy, overseas companies are pouring in additional funds to develop research and service-based businesses in China to maintain robust growth.

As COVID-19 vaccines have leapfrogged development phases, stringent temperature requirements (up to -80 C) are likely to be imposed for certain vaccines to ensure the effectiveness of the vaccines during transportation and warehousing. This poses logistics challenges to the existing medical supply chain, which conventionally distributes vaccines at 2-8 C.

Apple sales in China dropped 27 percent in the final quarter of 2018, with CEO Tim Cook admitting that higher iPhone prices are a "factor" in the decline.

As China's sovereign wealth fund, CIC serves as a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance.