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An ownership shake-up in Zhuhai, Guangdong province-based Chinese appliances giant Gree Electric Appliances Inc will not only boost its market competitiveness, but help it to effectively diversify operations in the future, an industry expert said on Tuesday.

And his name is Zhang Chenliang.

Analysts said Huawei still has a certain inventory level of chips, which will give it time to come up with contingency plans, as well as to assess the progress of domestic semiconductor companies. They estimate that Huawei has a stockpile of processors for smartphones and 5G base stations that could last at least until early 2021 and possibly through most of the year.

And in the coming five years, "China is expected to import eight trillion US dollars of goods, attract 0 billion of foreign investment and make 0 billion of outbound investment," Ma added.

An outline of the area's development said part of the vision was that it would develop research and experiments on such technologies as blockchain, terahertz and cognitive computing.