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"China can provide Canada with low-cost products for the manufacturing sector in return," he added. "China's outbound investment has been increasing rapidly. If its investment in Canada is also on the rise, it will help to boost the local economy.

"China depends on the South China Sea for its commerce. Therefore, in order to secure this vital trade passageway, China has a strong interest in regional stability and freedom of navigation in the South China Sea," Gao said.

"China Unicom is losing weight faster and on a larger scale than we expected, which highlights the State-owned heavyweight's determination to rejuvenate itself with new passion," said Xiang Ligang, a telecom veteran and CEO of industry website Cctime.

"But we could be left with no choice but to seek a new path if the US does not make good on its promises, misjudges our patience, while seeking to force things unilaterally and clinging to sanctions and pressure," he added.

"China has shifted into policy exit mode amid a firm domestic recovery and an improving global outlook. The country is expected to exit from expansionary fiscal and accommodative monetary policy in a mild way to steer off a policy cliff," he said.