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"China has the best resources in frequency spectrum and base stations. Local consumers and enterprises have some of the highest enthusiasm and willingness to embrace 5G. And the governments have rolled out favorable policies," Xu said at the ongoing 2019 World 5G Convention.

"But the number of customers is growing faster than the volume," he said, adding that boosting familiarity with the brand still ranks as its most important task in China.

"China needs to continue its opening to the world, including important programs like the Belt and Road Initiative, while also promoting domestic-based growth to improve people's livelihoods and living conditions," said Sachs, who is also a senior United Nations advisor.

"China has competitive policies, a big population with huge needs (for electric cars), and people are willing to accept new things," he said.

"China is paying a lot of attention to general aviation by increasing the number of airports. The nation is still a young market for helicopters. When the infrastructure is fully developed, the growth rate will be even higher. I'm very confident, and it's just a matter of time," he said.