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Apple Inc and Amazon.com Inc denied a Bloomberg report on Thursday that their systems had been infiltrated by computer chips inserted by Chinese intelligence, according to statements from the companies released by Bloomberg.

As China continues to expand its 5G market, it has never set limits on what percentage of the domestic market can be supplied and equipped by foreign tech brands, the nation's top industry regulator said on Thursday.

Apple’s services revenue for the quarter was a record .3 billion, more than twice its combined revenue from Mac and iPad sales, and nearly 23% of the company’s overall quarterly revenue of billion. Services include digital content and streaming, AppleCare, iCloud, licensing and similar forms of revenue.

As China's attention partly moved toward pumping short-term credit into the local economy, Mitter said regional partners would want signals as to how China's foreign direct investment strategy is going to change after COVID-19.

Arunava Das is a freelance journalist based in Kolkata, India.