However, some industry observers cautioned that the process of transferring technological innovation into successful products for listed companies would be a bumpy road, with a number of advanced economies striving to be front runners.
However, information security is another question, Ren said. He described Huawei as a provider of "pipelines" and "faucets," saying operators and content providers must be responsible for contents "running in the pipelines."
However, such preconceptions would be shattered if one had visited a recent industrial show in Shanxi.
Hua made the remarks in response to a reported US executive order that is expected to be signed in the coming days banning companies in the US wireless sector from buying Chinese telecommunications equipment.
However, moving too early and before far-reaching measures are in place to quickly identify and contain new infections, would put the gains made in fighting the spread of COVID-19 at stake. Such action also risks imposing new human and economic costs, the experts said.
Hu started his kebab business at the end of 1970s when he failed to find a job with the local government or State-owned units that used to be regarded as "iron rice bowls", indicating a secure and lifetime job.
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However, net profit growth in the third quarter reached 10 billion yuan, up 17.11 percent, which is a drop from 31.91 percent in the first quarter and 20.29 percent in the second quarter this year.
However, some farm-state Republicans quickly dismissed the plan, declaring that farmers want markets for their crops, not payoffs for lost sales and lower prices.
However, the new undertaking can have a potential downside, said economist Ma Guangyuan, who believes companies' transformations should focus on their core business.
Hu's experience highlights how the modern grocery landscape demands both the speed and reach of international e-commerce and the local connections to access to farm-to-table produce.