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Analysts said they believed that macroeconomic policy adjustments, focusing on boosting investment, will be able to secure a GDP growth rate within the authorities' target range of 6 to 6.5 percent this year.

And true to its words, Huawei has shrugged off the impact of US restrictions with steady growth in core businesses and a slew of impressive product launches in the overseas market.

And third, "innovativeness". Our pioneering and innovative cooperation is showcased by such projects asthe Suzhou Industrial Park, a magnet for attracting investment, and the Tianjin Eco-City, a demonstration of green and environmentally friendly urban life. A more recent flagship project has been the Chongqing Connectivity Initiative, which focuses on enhancing connectivity and services for economic development.

Analysts said macroeconomic policy adjustments, focusing on boosting investment, will be able to secure a GDP growth rate within the authorities' target range of 6 to 6.5 percent this year.[Photo/IC]

Analysts said such cooperation is in line with Huawei's overall strategy to build a smart internet of things ecosystem. HarmonyOS is built as a system for IoT — not just for smartphones. The wider use of the system in third-party companies showcases its popularity, analysts added.