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"China is promoting deep-level services trade reforms, high-level opening up, and all-around innovation, which is good not only for Chinese companies but also for foreign companies that eye the Chinese market," Qiao said. "The development prospects for us are very promising."

"China has the best resources in frequency spectrum and base stations. Local consumers and enterprises have some of the highest enthusiasm and willingness to embrace 5G. And the governments have rolled out favorable policies," Xu said.

"China has shown economic strength... in the last decades, its economy has also fueled our growth in ASEAN with tourism from China, manufacturing and infrastructure projects," he said.

"China has already commenced rolling out the 5G networks and the massive market scale it brings for the entire industry will make 2020 the breakout year for 5G," said Peter Richardson, research director at Counterpoint Research.

"China has over 90 percent of the world's sea buckthorns, while 70 percent is produced in Shanxi. Just in Kelan county, there are about 32,667 hectares of sea buckthorns. We hope to fully leverage the regional resources," Zhang said.