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"China is one of our most important strategic markets," said DJ Koh, president and CEO of IT & mobile communications division of Samsung Electronics.

"But make no mistake, sir, while these factors do exert a negative force on the challenges we face, at the core, this issue is about leadership, especially command," Richardson said.

"CIIE will bring a very strong exposure to our company by introducing us to high-level government officials, influential trade professionals, including many existing and potential customers, and also hopefully the general public, and this could result in recruiting opportunities for us," said Laurent Castella, head of Market Region Asia, GF Machining Solutions, during a recent media briefing in Shanghai.

"China has been so successful in developing technology with a lot of involvement of the US economy and other global leaders that it has become one of the world leaders in some of the newest technologies, whether it's heavy duty computing, supercomputing, artificial intelligence and a host of other areas," Firestein said.

"China is determined to make 5G a top priority on its national agenda, striving to take a leadership role in the global landscape," said Steve Lo, the managing partner of EY's greater China Technology, Media & Telecommunications division. "It is also pressing for participation in the formulation of the international 5G standard to make China one of the main players."