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"China for us is a relatively small part of our business so it really represents a significant opportunity. What we're working on is how to unlock that opportunity for us. So we saw a drop in the Chinese market for the first time in 30 years, something like that, last year. This year, I think they're going to be flat and they'll still be number one in the world," he said.

"China is ready to expand bilateral exchanges and cooperation in the areas of trade, investment, production capacity and education within the BRI framework to help PNG achieve sustainable development and realize common development in this region," Xue told Xinhua in a recent interview.

"But the government of India will assure that the vaccine will be made available to those who need it the most, irrespective of their paying capacity," he said.

"China came to Pakistan's rescue at a time when it was needed the most. And it once again proved to be an iron friend," he said.

"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.