Within days of its $60 million settlement of a long-running legal dispute over the iPad trademark with Chinese struggling monitor firm Proview, Apple has now announced that its new iPad will hit the China stores on July 20.

In a Tuesday statement pertaining to the Chinese availability of the new iPad, Apple said that the company's popular tablet - which was launched in the US in March - will be priced at a range of between $499 and $829, depending on the storage capacity of the device as well as its wireless-connection compatibility.

According to Apple's announcement, the new iPad will become available for purchase in China by booking only at Apple retail stores. The tablet will also be available for sale at the country's authorized resellers as well as the Apple online store.

The forthcoming launch of the new iPad in China marks Apple's efforts in the direction of extending its lead in the growing tablet market by opening up a new business opportunity in the most populous country of the world.

The availability of the new iPad in China will also be a notable move for Apple, especially in the wake of the fact that the country has already become Apple's second-biggest market after the US; with increasing wages giving the Chinese more disposable income for spending on the company's popular devices, chiefly including its iPhones, iPads and Mac computers.