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Analysts said that the current policy of increasing infrastructure investment may keep the country's economic growth from continuing to fall, but it will not be adequate to raise growth. They said if the country's economic growth continues to weaken, China may further cut taxes and lower interest rates to boost manufacturing and consumption.

Analysts said Huawei's years of research in telecommunications, especially 5G, would give it a head start over competition. After all, it is impossible to have fully autonomous vehicles without 5G, which is essential in enabling superfast internet speeds and real-time data analysis.

Andres Manuel Lopez Obrador, presidential candidate for the coalition "Together We Will Make History", is interviewed by media at a polling station during the presidential elections, in Mexico City, capital of Mexico, on July 1, 2018. Mexican electoral authorities on Sunday gave the green light for the country to begin the largest presidential elections in its history, with over 89 million eligible voters. [Photo/Xinhua]

Angkor Wat in Cambodia. [Photo provided to China Daily]

Analysts said the central bank is likely to lower its rate of 2.25 percent to 2.50 percent by one-quarter percentage point when its two-day meeting ends on Wednesday. A cut would reverse the Fed's recent policy of raising rates.