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Apple is increasingly relying on its services arm to bolster its balance sheets as iPhone revenue continues to decline. The Apple credit card,? Apple TV+ streaming service and Apple Arcade game streaming service are all part of this push.

Aruba is a subsidiary of US-based information technology company Hewlett-Packard Enterprise. Steve Wood, vice-president of its Asia Pacific arm, said: "In the past year, the company's revenue climbed about 30 percent year-on-year to .5 billion globally. China had similar growth, fuelled by education and hospital sectors.

Arbache highlighted in particular the China-Brazil Fund for the Expansion of Productive Capacity set up in 2017 that will fund joint projects between the two countries.

Ardern in New Zealand has rejected any argument that her country's policy of welcoming refugees and immigrants was to blame for the violence.

As Cheng Shi, chief economist with ICBC International, explained, the favorable policies for the listings of tech unicorns in the A-share market will help boost the development of the "new economy" in China, which will be a powerful engine of the country's high-quality growth.