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Apart from accounting scandals of some companies, intensified bilateral trade friction is the more fundamental reason, when the US has often resorted to trade and economic means to suppress China, said Xie Yaxuan, chief analyst of China Merchants Securities.

Another big issue related to increasing automation is the widening of the gap between the rich and the poor, said Norwegian economist Finn Kydland, who won the 2004 economics prize. The economic downturn has not affected all sectors, and the pandemic has hit people with low wages and low skills much harder than those earning high incomes, he said.

Apart from its wide range of business in Britain from smartphones to mobile networks, Huawei has also invested millions of pounds in research and development in the country. It also plans to build a state-of-the-art center in Cambridge, which will focus on the research, development, and manufacturing of optical devices and modules.

Apart from improvements in some general economic and social development indicators, visitors are also often impressed by, for example, the country's fast advancement in the technology field or the shopping sprees of rich Chinese worldwide.

Another area where Volkswagen has set its sights on further expansion is China. The company's single largest market for automotive sales is envisioned as playing a greater role in manufacturing in the future. Towards that end, Volkswagen has recently signed cooperation agreements with its local partner FAW to build three new factories in Qingdao, Foshan and Tianjin.