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"Given the potential effects of a trade war, even high-quality stocks with attractive valuations that have such exposure may need to be re-evaluated," Wei said.

"For the large infrastructure projects, the biggest issues are political risk and how participants find measures to mitigate against foreign exchange risk. Any fluctuations in foreign exchange can eradicate the returns, or government changes can have an impact."

"From January to November, China's foreign trade volume totaled 28.5 trillion yuan, up 2.4 percent on an annualized basis. In addition, China's exports grew at a quicker pace than most of the other major global economies," he said.

"For the first time ever, the flagship 5G SoC (system on chips) has more than 15.3 billion transistors, making it the densest and most full-featured 5G SoC to date," Huawei said in a statement.

"Future growth opportunities for Huawei will reside in winning market share in emerging APAC and the US," said Anshul Gupta, research director at Gartner.