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"Employment growth is still set to lag the recovery in broader economic activity over the coming months given its greater exposure to the services sectors worst affected by the pandemic," Andrew Hunter, senior US economist at Capial Economics, said in a research note.

"Despite these challenges, we believe that our business in China has a bright future," Cook wrote in the letter. "The iOS developer community in China is among the most innovative, creative and vibrant in the world," Cook wrote. "Our results in China include a new record for Services revenue, and our installed base of devices grew over the last year. We are proud to participate in the Chinese marketplace."

"Despite the slower start, economic momentum is supporting rising passenger demand in 2018," said Alexandre de Juniac, IATA's director general and CEO. "That said, concerns over a possible trade war involving the US could have a serious dampening effect on global market confidence, spilling over into demand for air travel," the IATA CEO noted.

"Enterprises are facing their next big challenge. Now, digital technology is evolving from an advantage to a basic expectation—and yesterday's best practices are turning into today's shortcomings. Enterprises will need to revisit their fundamental models of business and technology, rebuilding them to align better with people today," said Jia Jin, Accenture China Technology Group Lead.

"Despite the impact of the novel coronavirus outbreak on consumer loans and credit cards in the short run, we estimate that as the outbreak is effectively contained step by step, the consumer finance market still has tremendous potential, especially because of consumption upgrading and consumption quality enhancement," Ji said at a news conference.