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Couriers and takeaway riders these days are often called the "capillaries" of the city, he said, adding that these industries have been helpful in creating jobs during the tough period.

Cooperation in traditional industries has been upgraded, with the premier encouraging cooperation in refining and chemical integration in the energy sector. At the same time, cooperation in emerging sectors such as the digital economy and e-commerce also have expanded, Sun said.

Cook traces most of Apple's iPhone problems to a weakening economy in China, the company's second biggest market behind the U.S. The company is also facing tougher competition in China, where homegrown companies such as Huawei and Xiaomi have been winning over consumers in that country with smartphones that have many of the same features as iPhones at lower prices.

Consumer electronics companies have started seeing a smart pickup in sales due to healthy domestic demand, as China's efforts to sustain industrial momentum amid the COVID-19 epidemic continued to bear fruit.

Cook also addressed questions about the company’s cash pile of billion, noting that the board is seriously considering various options on how to deploy the capital. “I am not religious about holding it, or not holding it,” said Cook.