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As Jawa further explained, locating the first advanced production base of this kind in China can be largely attributed to the technology maturity in the country, especially in the development of smart factories.
Apple has shut one store in China and reduced hours at others because of less activity, Cook said. Third-party stores that sell Apple products are also facing some closures.
Around 59 percent of economists said the current US economic expansion was most likely to end in 2020, while 22 percent predicted the next recession would arrive in 2021, the survey showed.
As Chinese consumers' shopping preferences and habits are changing, brands, especially those in manufacturing, should innovate their production and operation to boost the supply chain efficiency, said Manny Maceda, worldwide managing partner of global consultancy Bain & Company.
As China pivots to a consumption-led economy, the most impressive performance has been posted by brands providing products and services for the urban middle classes, said the report, published by WPP and Kantar Millward Brown.
来源：资阳报