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"China has many favorable conditions and will actively solve problems that have occurred in its way forward through reform and development," he said.

"China has shown itself to be a vivid example of the benefits that can flow from the active hand of government in investment in infrastructural development," Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, said in a recent interview.

"China is Hungary's biggest trading partner and the US is the second-largest one. We hope the two parties can reach an agreement to ensure a fair and free international trade order, instead of a destructive trade war," he said.

"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.

"But, the improvement has been limited. Investors are still concerned about default risks of private enterprises," he said.