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"Chinese companies will offer technology and equipment, while local companies will be responsible for the construction."

"China will do its best to fulfill its own climate pledges, and we do not rule out the possibility to achieve more than what we have pledged," said Gou Haibo, a senior representative for climate change negotiations of the Ministry of Foreign Affairs, at a news conference in Bonn.

"China's efforts to promote the development of 5G networks are proceeding as scheduled. Though the ban on ZTE has led to market concern about a severe negative influence on the telecom industry, the real situation turned out better than we had expected," Essence Securities said in a research note.

"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," he said.

"Current domestic output is more than sufficient for China's requirements, including for real estate and infrastructure projects," Xu said, adding that Chinese companies are now looking to expand their footprint in overseas markets.