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As China promotes the transformation and upgrading of the equipment manufacturing sector, a decrease in headcount is a normal adjustment.

Approximately 1.33 million Chinese tourists visited Australia in 2017, second only to New Zealand.

Apple’s full complaint (via Ars Technica) is embedded below.

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.

Apple is not the first publicly traded company in the world to surpass the trillion-dollar mark. PetroChina Co Ltd briefly topped that valuation in 2007 when its stock began trading in Shanghai. But, the oil giant's shares quickly plunged afterward. PetroChina, which is also listed on the NYSE, is now worth about 5 billion.