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"Companies are facing challenges because most of them lack the core competitiveness. It's a good thing for the market to decide who can survive and who should be kicked out," he said.

"China's population structure determines that its consumption sector will see rapid growth. During the COVID-19 epidemic period, the Chinese government showed its strong capabilities in relocating resources and personnel, which has further strengthened our confidence to invest in the country," he said.

"Currently, China has its own military aircraft and small-scale commercial jets. The successful flying of large passenger aircraft indicates that we will be able to make a significant breakthrough."

"Chinese companies have built strong relationship with German and French manufacturers in the past years. However, not many people are aware that Italy also has many good brands in high-end product manufacturing with innovative technologies. With increasing communication and cooperation between the two countries, the outlook for trade is very promising," Wang said.

"Countries all over the globe are attempting to deploy 5G and in Myanmar, the network standard is projected to see commercial use in 2020-21," he said, adding that "As the world's leading vendor of 5G, Huawei is collaborating with industry partners to help all operators in Myanmar realize their 5G dreams."