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"China has started pre-emptive measures to buffer the negative impacts of rising trade and investment tensions between China and the US," said Iris Pang, an economist at ING Bank.

"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.

"China is the most exciting and dynamic market in the world. The continuous growth in its economy and middle class sustains the country's upward aviation market," said Randy Tinseth, vice-president of commercial marketing for Boeing. "As China has the world's fastest-growing e-commerce industry, demand for air cargo freighters is also expected to expand exponentially."

"But multiple players are running their own versions of app stores. The key is whether Apple will be considered to have a dominant market position in the relevant market. Apple will definitely deny that, such as claiming the relevant market should at least refer to all smartphone application stores, in which it would not have a dominant market position."

"By partnering with Huawei to launch the "5G Capital" project, we aim to push Beijing's 5G construction into a new stage. We hope to leverage our edge to establish a global benchmark for 5G networks and applications," Yang said.