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"China is taking the lead in the area of internet economy where there is huge room for cooperation," said David Liao, president and CEO of HSBC China, at a recent forum held by the multinational banking and financial services institution in Beijing on the China-ASEAN economic corridor.

"CMI's decision to join Etisalat's Smarthub community will enable the company to cater to global connectivity requirements of their end customer and also extend their core infrastructure in the Middle East," Amiri said.

"Changes in any single country will only have a minor influence on Huawei's global business," he said.

"China has the world's largest IoT market. The AI and IoT industry have great potential in China," said Roan Kang, vice-president of Microsoft China, adding that Microsoft would provide the most comprehensive AI and IoT platform, products and solutions.

"But the people from Wuhan will be required to have a second nucleic acid test after they have arrived in Shenzhen in one week," Luo said.