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Apples grown in Poland attract visitors during an industry expo held in Ningbo, East China's Zhejiang province. [Photo by Zhang Yongtao/For China Daily]

Apple Inc's 3.8 percent fall added to the pressure as the stock that led the market through much of its bull run opened at its lowest level since early May, pushing the tech-heavy Nasdaq to more than 7-month lows.

Apple became the first company ever to be awarded the new Green Supply Chain CITI Master by China's Institute of Public and Environmental Affairs. The award recognizes Apple's environmental leadership throughout its supply chain, and it came after Apple has been ranked No 1 on a corporate information transparency index for the last five years.

As China carries out and deepens the supply-side structural reform in the agriculture sector, Cui has witnessed deepened industry consolidation across the whole agricultural industry chain, putting AB Agri in an advantageous position as it can leverage synergies the group creates in downstream sectors such as sugar and beverage.

Apple also faces challenges from domestic smartphone makers in China such as Huawei and Xiaomi, which have grabbed more market share.