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"Cost-effective infrastructure manufactured in China is paving the way for major communications service providers in the country to quickly build 5G coverage," said Kosei Takiishi, senior research director at Gartner.

"Chinese providers are expected to differentiate themselves from apps in those emerging markets to succeed. Newcomers should also avoid countries and regions that are already dominated by others who reached there earlier."

"China, which started recovering earlier, is projected to grow strongly, accounting for over one-third of world economic growth in 2021," said Laurence Boone, chief economist at the Organization for Economic Cooperation and Development, at the release of the organization's Economic Outlook earlier this month.

"Compared with other countries, the service trade in China has large volume, while imports account for a relatively large proportion," Li Jun, director of the research body's international service trade institute, said in an interview.

"Chinese customers love the Porsche brand that is designed and engineered in Germany, and that is for us quite an important criterion," he said.