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Apple also faces challenges from domestic smartphone makers in China such as Huawei and Xiaomi, which have grabbed more market share.

Areas near downtown remain competitive and expensive. The growth of hometown startups as well as Bay Area tech giants means more?new executives and highly paid employees, many of which could come from out of town. And a lot of those people want to live close to work.

Apple's data center in China is expected to be operational by early 2020, Guizhou-Cloud Big Data said. During the transition, Guizhou-Cloud Big Data will cooperate with three major domestic operators to service for Apple iCloud by renting cloud.

As Jiang explained, the iron and steel industry is an important pillar of China's economy. The output of China's iron and steel industry accounts for about half the world's total. The domestic market is fully competitive and price fluctuations are clear. Therefore, there is strong demand to avoid risk.

As Beijing strives to build a more resilient economy, China will in the future open its door wider to the world. Foreign corporations are encouraged to share the opportunities China's development presents.