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As China published a white paper on Sunday denouncing US unilateral and protectionist measures, foreign business and trade experts said that protectionism must be avoided as it is shortsighted and will have an adverse effect on the global economy in the long run.

Apple said its services division, which includes iCloud, the App Store and Apple Pay, saw revenue advance to .9 billion, up 19 percent over the prior year. The company said China's move to pause approving new games for the App Store last year is affecting revenue in the segment.

As Kempinski’s first European luxury hotel in Hunan, Kempinski Hotel Changsha on July 12, 2019 celebrated its five-year anniversary of delivering meaningful experiences to its guests with Bavarian Night, a series of festivities designed to enchant and delight guests. Mr. Ilja Poepper, vice-president of sales and marketing in Asia for Kempinski Hotels, ceremoniously opened the event to all guests. Ms. Hu Huimin, vice-president of Hunan Skyer Real Estate Development Company, and Mr. Robin Ma, general manager of Kempinski Hotel Changsha, attended the event together with 200 distinguished guests and mainstream media.

As China is now one of the top commodity buyers in the world, the production loss in China is putting downward pressure on shipments from commodity exporters in places like Australia.

As Hong Kong's property prices continue to go through the roof, residents have been left with little choice but to opt for smaller homes. CHO SEONG-JOON / BLOOMBERG