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"For the first time in months, the United States and China are moving in the right direction on tariffs and we congratulate negotiators from both sides," David French, the federation's senior vice president for government relations, said in a statement.

"From January to May, major economic indexes of Hubei surpassed that of the national level. Total social investment in fixed assets surged by 10.7 percent year-on-year, while the growth rates of the retail sales of consumer goods and trade volume reached 4 percent and 16.8 percent respectively," Wang added.

"For nearly 20 years we've supplied the UK's mobile and broadband companies with 3G and 4G. But some now question our role in helping Britain lead the way in 5G," the letter stated. "As a private company, 100 percent owned by employees, our priority has been to help mobile and broadband companies build a better connected UK," Huawei's Vice-President Victor Zhang said.

"For example, personal consumption loans, such as for cars, will expand soon," said a research note from Haitong Securities.

"Flight tickets have low marginal costs. By livestreaming communications, it is easy to target the demand of passengers accurately and sell tickets with small profits and large volumes," Lin said.