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Apple and Qualcomm have been locked in global IP battles for nearly two years. Qualcomm first filed the current case in China late last year. [Photo/IC]

As Daniel Blumenthal, director of Asian studies at the American Enterprise Institute, wrote this month: "For its smaller, less developed recipients, (the Belt and Road Initiative) is still large in scope. What might be economically insignificant for the US still has large geopolitical payoffs for China."

As China's development is standing at a new historical starting point, and socialism with Chinese characteristics has entered a new development stage, it is necessary to grasp the historical change and achievements of the Party and the state.

Apple Inc's decision to limit iPhone purchases from its online stores in China is an indication of the supply chain constraints being faced by the US tech giant, as the novel coronavirus outbreak has disrupted normal operations at upstream suppliers and electronic component manufacturers, experts said.

As I see it, the expansion of China's mobile payment service providers overseas has much significance. It is not just about an increasing number of Chinese people traveling abroad.