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Apple, also a contender for the most valuable company, went down to 701.99 billion dollars in market value. Its stock price hit 52-week low last week after the company issued lower guidance for the fiscal 2019 first quarter.

As Chinese businesspeople, tourists and students reach almost every corner of the globe, Xi sees China as not only a beneficiary of globalization, but a contributor to it. He has visited about 50 countries as head of state, pursuing his mission to build "a community of shared future".

Apple reported shrinking sales revenue in China across all of its leading products, including iPhones, Macs and iPads.

Around 2,000 units of “Reading Pavilions” had been installed in libraries, schools and transportation hubs in about 200 cities across the country by the end of November, including the National Library of China in Beijing and Hangzhou’s Xiaoshan International Airport.

As China's domestic financial tightening continues, the World Bank expected its GDP growth to slow to 6.4 percent in 2018 and further down to 6.3 percent in 2019.