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Apple cultivation is key to China's poverty alleviation campaign, as many of China's poor areas rely on apples as a major income source. Among the 122 key apple-growing cities and counties listed by the Ministry of Agriculture, 33 are designated as national-level impoverished counties.

Apple registered shrinking sales revenue in China across all of its leading products, iPhones, Macs, and iPads, along with reduced footfall in its stores.

Argentina's Foreign Minister Susana Malcorra said her country plans to join the China-led Asian Infrastructure Investment Bank (AIIB). She made the announcement on May 17 during a meeting in Beijing with Chinese Foreign Minister Wang Yi, CCTV reported.

Around the same time last year, consumer stocks rose and sustained their momentum for a while. Kweichow Moutai and Midea shares soared to record highs. This year, the story could be no different, analysts said.

As COVID-19 continues to sweep across the country, more and more states and local officials have closed non-essential businesses and ordered residents to stay home in a bid to slow the spread of the virus, effectively shutting down a significant part of the economy.