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As Chinese laws are usually general and sometimes lack details, the top court can issue judicial interpretations on certain legislation to give judges a clear guide in handling particular cases.

Apple Inc is launching a large promotion campaign in China to promote Apple Pay, in a move to expand its presence in the local mobile payment market dominated by Alibaba Group Holding Ltd and Tencent Holdings Ltd.

Apple CFO Luca Maestri told analysts on the conference call that the company sees even more growth ahead for this part of its business. “Our iCloud storage business is growing very quickly, and so that is a business that also at a geographic level we can continue to grow significantly.”

Apple got in hot water because of how it set up its agency deals with publishers, including “Most Favored Nation” clauses that required publishers to offer Apple the lowest price for any e-book on the market. Judge Cote argued those clauses, along with the fact that all the publishers signed similar contracts pointed to a conspiracy to fix prices.

Art insurance is regarded as the most direct and efficient way to control such risks and help policyholders gain economic compensation afterwards, according to Yang Hongbo, general manager of property insurance business of TK.cn, a subsidiary of Chinese major insurer Taikang Insurance Group.