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"Compared with its own development, the value of 5G lies more in the fact that it can empower industries," Liu said.

"Currently, China Mobile, the country's largest telecom operator, has as many 4G base stations as those of China Unicom and China Telecom combined. That could also be the case in terms of 5G base stations in the future," the research note added.

"Consumer trends show that there is a growing need for people to take care of their health. Keeping people healthy is widely recognized as one of the best ways to counter the rising cost of treating the sick," said Jakobs.

"China's rare-earth export quota didn't have the desired effect on the importing countries, especially Western countries, because smuggling of rare earths was rampant and some export companies falsified customs codes to evade the export quota and continued to export them to other countries," Jin Baisong, a retired researcher at the Chinese Academy of International Trade and Economic Cooperation, said in an article published on China Daily's website.

"China strongly urges the US to earnestly fulfill its treaty obligations and destroy its chemical weapons stocks as soon as possible," he said.