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Apple did not give a reason for the departure. Ahrendts arrived at the company in 2014 after being chief executive of fashion retailer Burberry Group PLC.

As Lance explained, small and medium-sized enterprises in the private sector are likely to account for the most layoffs this year, which is largely due to the difficulty in financing. Some larger companies will downsize their head count this year as they may have expanded faster than they should over the past few years, he said.

As China's first overland cross-border gas project, it is key to China's efforts to improve its energy mix and ensure its energy security. It provides around 15 percent of the country's annual natural gas consumption.

As China implements more stringent policies and regulations on the environment, the demand for high-quality iron ore will remain strong in the coming years, which provides companies like Rio Tinto an edge in the country, CEO Jean-Sebastien Jacques said.

As Hong Kong is facing a critical moment between restoring the rule of law — the very foundation of the city's stability and prosperity — and the risk of being plunged into the abyss of chaos, any attempt to condone violence is conniving with perpetrators.