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"Chinese companies' overall investment into 5G network is likely to hit 2 trillion yuan to 3 trillion yuan. Such a gigantic investment can help spur economic growth, fuel the development of digital economy, and create a sound telecom infrastructure for upgrade of traditional sectors," Zhang said.

"China, Japan, and South Korea as the three biggest economies in East Asia－play an important role in regional and global economic growth, prosperity and stability," Li said.

"Compared with 4G and 3G, calls enabled by 5G generate better quality," Xiang said.

"China's rapid growth to become the top filer of international patent applications via WIPO underlines a long-term shift in the locus of innovation towards the East, with Asia-based applicants now accounting for more than half of all PCT applications," said Gurry, in a video broadcast on the results of WIPO in 2019, and program highlights and challenges for 2020, including the COVID-19 pandemic.

"Companies from Europe and other parts of the world are all part of China's story of development", he said, adding they will continue to achieve mutual benefit through their operation in China.