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"China looms very large in the scheme of things for everything that goes on in the world. If you don't have a relationship with China, there is not much of an ability to do anything," Pardy said in the letter.

"China has obviously managed the pandemic better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

"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.

"China has accumulated over 30 industrial internet platforms with certain size and commercialized ability. Moreover, more than 630 companies and institutes in fields including manufacturing, automation and internet have joined in the alliance of the industrial internet," he noted.

"China and India are opportunities for one another not threats to each other," Rong said.