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"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.

"Canada became a pawn in this unilateral set of actions by the US against both Iran and Huawei, thanks to the US dominant position in international affairs and in the international banking and payment system," he said. "For Canada, it was very hard to treat this case separately from normal extradition cases. Yet, this is clearly not a classic extradition case."

"China and France can jointly take part in the BRI construction, especially in expanding third-party markets, through which they will be able to complement each other and find more space for cooperation," he said.

"But now the situation has changed, with the US hoping China does not allow the yuan to depreciate," said Yu. "A weaker yuan would help boost China's export and reduce US exports to China."

"But there is still much to be done," Li added, citing it is important for Chinese companies to conduct efficient communication with the local communities, especially clarifying the purpose of investment and clearing other doubts.