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As the top telecom equipment maker and the second-largest smartphone vendor in the world, Huawei purchases tons of chips, relevant products and services every year from US semiconductor companies, including Qualcomm Inc, Intel Corp and Micron Technology, as well as European suppliers, such as Arm Holdings and NXP Semiconductors.

As the US presidential election approaches, Trump may be more cautious on moves that could jeopardize the slowing US economy. That said, Trump has said he is in "no hurry" to strike a deal.

As the commercialization of 5G accelerates in China, more companies are exploring what smart cities will look like in the 5G era.

As some developed economies gradually withdraw asset purchasing programs or quantitative easing policies, China's monetary authority should consider how to maintain a sound environment for trade and investment to prevent strikes from risk exposure, Lu Lei, deputy director of the State Administration of Foreign Exchange, said at a forum in Beijing.

As two founding members of the NDB, China and Russia support the bank's expansion to facilitate infrastructure development and address insufficient infrastructure investments in key sectors of the member countries, the statement said.