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At the product launch event on Wednesday, Wang reiterated that Huawei "does not own any data," but only provides technologies that support data processing and transmission.

At this rate, it will have the largest stock of FDI in Africa of any country, and this means it will overtake countries such as the United Kingdom, which had billion of FDI in 2014, despite the former colonial power having two centuries of engagement with the continent. The United States, with billion of FDI in 2014, will also be eclipsed.

At the same time, Amazon and its representatives now regularly pitch stories touting the good deeds of the company and its employees — a move rarely seen just a few years ago. Likewise, Amazon CEO Jeff Bezos and the 13-year-old Bezos Family Foundation have stepped more boldly into the philanthropic limelight, including this month’s opening of the Bezos Family Immunotherapy Research Clinic at Seattle’s Fred Hutch.

At the webinar, former leaders of the CEEC as well as officials and scholars from China discussed how the two sides could work together against the pandemic and for a better future.

At the Beijing event, Zheng Bin, CEO of the Mumbai, India branch of ICBC, said China's largest lender has set up a 0 million fund to back local startups.