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Analysts said the Huawei move is part of the tech giant's broader push to quickly commercialize the superfast technology and it highlights the stiff competition as companies scramble to offer the cutting-edge gadgets.

And expected to drive the efforts even further is the new brand image introduced earlier last month in China to express its global brand positioning of "Empower the Drive", launched worldwide in 2016.

Analysts agreed that the new theory is raised against a background of the world's longtime pursuit of openness and globalism being challenged by political and policy uncertainties, such as the US withdrawal from the Paris climate accord and the UK decision to leave the European Union.

And in 2008, he rushed to the earthquake-stricken area of Wenchuan in Sichuan province with volunteers to offer post-disaster psychological counseling to soldiers who were rescuing victims and the rescued earthquake victims.

Analysts believe China's recent moves will bring in overseas capital, technologies and talent, which will likely help upgrade local industries.