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Like a phoenix rising from the ashes, Huawei Technologies Co has shrugged off the impact from US restrictions with steady growth in core businesses and a slew of impressive product launches in the overseas market, further embellishing its image as a global technology giant.

Li said the sales were partly the result of some discounts at dealerships and it is hard to predict how the sales would be later this year, but a reassuring message for carmakers and dealers is that demand for imported models made in the US did not shrink immediately.

Li, 44, has been engaged in construction projects and logistics since 1997. Her business partners have no criminal records nor engage in gang activities.

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Li said it will not take long to see improvement in trade and investment environment, with more infrastructural projects being built to fuel growth.

Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks at a meeting of the national leading group on science and technology, which he heads.

Like other developing nations, equipment and expertise are in dire need in this South American country.

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Li said this year’s investment will be the same, if not higher.

Lin Li, 32, a white-collar worker from Guangzhou, Guangdong province, was shopping for Spring Festival at a cross-border e-commerce platform. Thanks to the rapid growth of e-commerce, Li didn't need to leave her home; she simply placed an order online with her mobile phone.

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Lim stressed the importance of digital technology, noting that more than 60 percent of ASEAN residents are connected to the internet.

Lily Ma, managing director of Nutanix China, said the development potential of China's cloud computing market is huge, and China is taking a leading position in internet applications around the world, adding they hope to offer cloud infrastructure and solutions for more enterprise clients.