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As an immigration nation, the US has a higher-education system that provides ample opportunities for anyone who is willing to put in the effort. The second-generation immigrants have always fared better than their parents historically, and that will continue to make the US competitive, he said.

As a result, the administration has a set of risk prevention and control measures, including the recent adoption of a "reward and circuit breaker mechanism" for the carriers to increase or suspend flights in light of their epidemic control work, he added.

As countries around the world scramble to deploy large-scale 5G networks, the global telecom equipment market for the superfast technology will hit billion by 2022, research agency IHS Markit forecast, without disclosing the figure for this year.

As The Times points out, Microsoft and Boeing take much more of a hands-on approach to philanthropy. The reason for Amazon’s lack of involvement is an overall libertarian philosophy, one that’s rooted deeply in the company’s value system and driven by founder Jeff Bezos, notes The Times. That doesn’t always sit well in Seattle, a community that leans left and likes to think of itself as very much community-oriented.

As for Europe and the Americas, Huawei is partnering with local telecom carriers such as Telefonica and Orange SA, building up their public cloud capability with the help of Huawei technology.