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As China takes up more than 25 percent of global sales in a wide range of sectors including electronic components and internet retail, "the biggest victim of decoupling would be America's tech giants, many of which rely heavily" on Chinese demand and suppliers, it noted.

Apple slashed prices of its entire lineup. Taking the iPhone as an example, the minimum price for the iPhone X was cut to 8,316 yuan from 8,388 yuan, the iPhone 8 Plus was reduced from 6,688 yuan to 6,630 yuan, while the iPhone 8 was lowered to 5,837 yuan from 5,888 yuan. Its wearable device AirPods were reduced to 1,276 yuan from 1,288 yuan.

As Indonesia gears up for its presidential election on April 17, the vote, which will be held concurrently with parliamentary elections, will see a rematch between the two candidates who faced off in 2014: incumbent President Joko "Jokowi" Widodo and Prabowo Subianto, former commander of the Indonesian special forces.

As China has been rolling out policy measures to ensure stability in employment, finance, foreign trade, foreign investment, domestic investment and market expectations, it has been sharing markets and opportunities with foreign investors.

Applauding China's stance, Erik Solheim, executive director of the UN Environment Program, believes the move will open up opportunities. "A shift away from dirty, polluting practices will be a huge benefit for public health. China also stands to gain from being on the cutting edge of new sustainable technologies like renewable energy and clean transport. China will also gain from better energy security."