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"Chinese companies did not lose interest in the US. What happened is that the US government's security review system has made Chinese investment in any form of technology company virtually impossible," Steve Dickinson, an attorney with international law firm Harris Bricken, said in a blog post.

"China will push reform and opening-up more actively, and deepen State-owned enterprise and asset as well as fiscal and financial reforms to implement major opening-up measures previously fixed," said a statement released after a meeting of the Political Bureau of the Communist Party of China Central Committee, presided over by Xi Jinping, general secretary of CPC Central Committee.

"Content is an effective means to enhance customer loyalty in a highly competitive environment," said Neil Wang, president of consultancy Frost and Sullivan Greater China.

"China's 'new infrastructure' initiative presents exciting opportunities for global companies. It is clear that many of our customers in different sectors need to enhance their manufacturing capability, such as new energy vehicles, railway, 5G equipment, logistics and healthcare," said Atiya, who is also a member of ABB's group executive committee.

"China will build a sound system for the training of teachers, improve their social status and raise their salaries to make sure primary and middle school teachers earn no less money than local government officials," the plan said.