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Apple share rose 4.2 percent in after-hour trading Tuesday as the Cupertino, California-based company posted earnings per share of .18.

Argentina's rail infrastructure "received no investment of any kind in over 50 years", he said, stressing the significance of China's game-changing support.

Apple had previously told investors to expect overall revenue between billion and billion in the fiscal 2019 first quarter. On Wednesday, it reduced that estimate by 7.6 percent to billion.

Argentina, another full member, has yet to express its position as a new government took office on Tuesday.

Around the turn of the century, fundamental reforms liberalized the property and job markets. The process of converting government-run factories to corporatized and more productive State-owned enterprises also kicked off in this period. In 2001, joining the World Trade Organization confirmed a large set of market-oriented reforms and opened many sectors to foreign competitors.