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But around the region, attitudes toward Huawei still vary. Viettel, Vietnam's biggest carrier, is working on its own to develop a nationwide 5G network, while Ooredoo Myanmar and Indonesia's Smartfren have partnered with ZTE, also a Chinese telecom giant.

But now, prospects for Chinese banks appear to be dimming. Banks are seen becoming increasingly vulnerable to the current macroeconomic conditions.

But hurdles also remain. Fewer insures in China are providing financial incentives for using the technology, and reimbursement of medical expenses largely lean towards inpatient and outpatient, rather than community and at-home care services.

But Infiniti is struggling in China as well. Once a nouveau-riche brand in the country's premium car market, it is losing its charm due to a lack of new models.

But how long will Wall Street go along for the ride?