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Danny Dolan, managing director of China Post Global, the international arm of the Chinese fund China Post, said: "The Chinese equity market trades at a discount based on the country's GDP growth, and is quite inexpensive relative to the US and several other developed and emerging markets."

Data from the National Development and Reform Commission showed China's logistics costs accounted for 14.9 percent of GDP in 2016, down by 1.1 percentage points from the previous year.

Decisions are based on whether a product is available only from China, whether duties "would cause severe economic harm" to the company or US interests, and whether the item is strategically important.

Defenders of Huawei counter that the US is concerned with Huawei dominating in 5G, and that is way it is pursuing restrictions on the company for geopolitical reasons.

Data roaming fees will be cut by 75 percent on average in 19 countries and regions including Myanmar, Iran and the United Arab Emirates.