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"Fierce market competition is expected in China, as more opportunities and government's favorable policies are within sight," Song said, adding better products with lower prices will come along and bring more benefits to consumers.

"Global crude oil prices increased year-on-year in the first six months, and the company's upstream business improved substantially," the company said in a statement.

"First-half revenue was down 13 percent year-over-year, about a third of which was attributable to FX (foreign exchange)," Apple CEO Tim Cook said during a conference call with analysts.

"Given the potential for a rebound in the number of cases or level of community transmission, a low threshold for re-instating more stringent mitigation standards will be essential," the document goes on to say.

"From January to November last year, companies engaged in scientific research and technology services saw their revenue expand 12.4 percent from the same period in the previous year, and that of information software and services rose 10.3 percent," Tang said.