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Analysts said Apple arrogance is sustained by its strong market presence in China. Its innovative products and aggressive marketing strategy have made it fearless of consumers' frowns.

The administration said it aims to strengthen the monitoring and inspection of foreign debts to ward off potential risks.

BERLIN, May 27 (Xinhua) -- Chinese Premier Li Keqiang's first visit to Europe, which took him to Switzerland and Germany, showed the new leadership of China highly values the country's ties with Europe, Chinese Foreign Minister Wang Yi said here Monday.

Wang Zhen, a professor at the China University of Petroleum, said the recent adjustment indicates that the government is serious in implementing the reform and that it will obey market principles in future economic activities.

Huachen Auctions is not the only player eyeing the vast potential of Western artwork, an area in which Chinese collectors are showing rising interest.