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Apple Inc reported a drop in revenue in China for its fiscal second quarter ended April 1, the fifth consecutive quarter of decline in the region, caused by ever-growing competition from local rivals.

Apple is the subject of a European Union investigation into a complaint made by streaming music provider Spotify Technology SA that the California company misuses its power over app downloads. In 2014, the iPhone maker settled a DOJ lawsuit that said it conspired with publishers to raise the price of e-books.

Arreaza also spoke highly of China's reform and opening-up, saying the past 40 years shows that China has the ability to respond to the needs of its people and adapt to global economic developments.

Ardern has received an invitation from the Chinese leadership and her visit will take place possibly this year, Fearnley said, adding that details are still being worked out.

As China is intensifying efforts to curb the novel coronavirus (2019-nCov), he said the epidemic will affect logistics demand in the short term, but production and consumption will unleash when the situation improves, which will pull the sector's growth onto a stable track.