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"For example, China has the best 5G and is good at infrastructure construction, while we have fruits and the canal," he said. "We are not competitors, but can help each other to create a win-win solution."

"For Silicon Valley, it is top high-tech and advanced engineering; for Munich, it is supreme design; and for China, it is automotive and industrial manufacturing, engineering, sales and marketing in additional to high-tech," she said.

"From a 5G telecom equipment point of view, I don't think this hurts the company too badly, but this will hurt in 5G smartphones and any aspirations in the 5G edge data center," said Patrick Moorhead, president and principal analyst of Moor Insights and Strategy, a global technology consulting company.

"Growing number of platforms shows that commodities market's demands are not yet fully met, and competition has just started. In the future, platforms will be more consolidated," the report said.

"For foreigners, a two-bedroom apartment costs only about 5 million yuan. We can let it out at about 20,000 yuan per month, which is higher than the rent in China," Dong said.