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Appointed CPC Central Military Commission Vice Chairman at the Seventh Plenary Session of the 17th CPC Central Committee

Apple has lowered its revenue forecast for the first time in almost two decades, citing weakening demand and lower-than-expected iPhone revenue in China as some of the factors. The US tech heavyweight also slashed the price of some its iPhone models by up to about 800 yuan (8) for its channel partners in China.

As China is pushing forward high-quality economic development, the foreign investment structure has also been continuously optimized, transforming from the labor-intensive industry to high-tech and service sectors.

Arrangements will also be made to facilitate foreign students with master's degrees or above from Chinese higher education institutions to apply for residence permits in Hainan if they are engaged in innovation activities or starting businesses, he said.

As Amazon invests more into its delivery infrastructure, the company’s traditional retail rivals, including Walmart, Best Buy and Target, are also?spending big on their own e-commerce and shipping initiatives?in an effort to keep up with the e-commerce juggernaut.