It estimates that sales this year could fall by 15 percent from the over 25 million units sold in 2019. If the pandemic cannot be effectively controlled outside China, the worse-case scenario could be a slump of up to 25 percent, it said.
It is "one of the world's most valuable biological commodities, providing a crucial source of income for hundreds of thousands of collectors," said the report in the Proceedings of the National Academy of Sciences, a peer-reviewed US journal.
It is Apple's biggest move ever to reinvigorate sales in the Chinese market.
It also said it is ready to work with China to consolidate and expand the win-win cooperation, and properly settle disputes with mutual respect so as to propel bilateral ties.
It advocated a credit evaluation system, with a blacklist, to help manage copyrights and increase pressure on online pirates.
It also plans to expand to Mombasa city. "We plan to inject million in a new plant in Mombasa where we will buy 10 advanced machines. With this new equipment, we will be able to dispose of 3,000 tons of plastic bottles and products per month. We also plan to expand investments in our overseas operations," said the Wang Zhangyin, director of the company.
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It entered China in 1992. Today, it offers paint products in the architectural, coating, auto, auto refinish, industrial, coil, protective coating and powder coating industries.
It has been a spectacular year of sorts for gold with prices rising steadily and the strong demand continuing into August. By Friday, gold prices had advanced to 28, or 19 percent, this year, with valuations continuously surpassing levels not seen in the last six years.
It has taken the team four years to solve many technical and computing problems to have the unique commercial device produced.
It forecast that Chinese banks will proceed to a dividing ridge regarding performance during the next three years, as interest margins keep shrinking, the expectation for a rise in nonperforming loans still remains, and regulatory tightening forces companies and financial institutions to deleverage.