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Art insurance is regarded as the most direct and efficient way to control such risks and help policyholders gain economic compensation afterwards, according to Yang Hongbo, general manager of property insurance business of TK.cn, a subsidiary of Chinese major insurer Taikang Insurance Group.

Apple offered any Publisher interested in the iPad platform and iBookstore the ability to?sell its eBooks directly to consumers, rather than dealing only with a single dominant buyer,?Amazon. It offered eBook consumers who had no interest in owning a Kindle eReader a new?platform to obtain and read eBooks. Apple’s entry also provided new opportunities for self publishing?and smaller publishing houses. Apple is not privy to Amazon’s motivations when it?adopted the agency model, but enabling entry and introducing new competition, which is all?Apple did, cannot be a violation of the antitrust laws.

As China's deleveraging moves support supply-side structural reforms, deleveraging and economic growth actually go hand in hand in many aspects, Hu said.

Apple finished the quarter in the fifth position. Its PC shipment fell 4.8 percent to 4 million units, while market share slipped to 6.6 percent from 7 percent a year earlier.

As China is about to become the world's largest consumer market this year, the US government's executive order against WeChat may result in US companies leaving China, said a former vice-minister of commerce.