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Huawei supporters have alleged that the company is being targeted because it can emerge as the world leader in 5G technology, and that the opposition is driven by economic considerations.

Huang Zhigui, a 50-year-old miner-turned coal mine owner, was one of the villagers that returned after working in central China's Henan Province for 30 years. "I would drink a big bowl of wine to give myself encouragement before I went below," Huang recalled the days as a miner. He however deems it worthy work as he has donated most of his savings from the job to the renovation of a primary school back home.

Hungary is among the first countries that welcomed the Belt and Road Initiative and cooperation between the two countries is very successful, said Orban in an opening speech during the Asian Financial Cooperation Association (AFCA)-Central and Eastern Europe (CEE) summit forum.

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Huang said many of the communities were built decades ago and several facilities are aging and crumbling.

Huatai Securities Co Ltd saw its shares climb by 1.19 percent on Wednesday, as investor sentiment rose over its plans to become the first mainland-listed company to also list on the London Stock Exchange. [Photo/IC]

Huawei said: "None of Huawei's core technology has been the subject of any criminal case brought against the company, and none of the accusations levied by the US government has been supported with sufficient evidence."

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Hudong-Zhonghua Shipbuilding Co, a unit of China State Shipbuilding Corp, said on Wednesday that it will deliver the third liquefied natural gas carrier under the 3.9 billion yuan (1.62 million) deal with Mitsui O.S.K. Lines (MOT) and Chinese shipping giant COSCO Shipping by the end of this month.

Huawei is a key player in introducing next-generation 5G network technologies as well as a leading smartphone brand that rivals key players like Apple and Samsung.

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Huawei's global pioneering capabilities offering 5G solutions can support Chinese telecom carriers to build a sound network. China will lead the world in commercializing the superfast wireless technology, the company said.

Huawei Technologies Co said it plans to partner with several companies to set up China's first open-source software foundation, which may be established in one or two months at the earliest to grow the nation's open-source software community.