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Apple ranked third on the list with sales declining to 44.56 million and market share down to 11.9 percent in the first quarter of 2019.

Apple Inc CEO Tim Cook said that factories in China that manufacture the US tech giant's products are reopening, with the senior executives saying that "China is getting the coronavirus under control".

Areas such as the industry IoT, the internet of vehicles, virtual reality and remote medical care are likely to benefit the most from the commercial use of 5G, said Wu.

As China clamps down on pollution, companies such as aluminum producer Novelis Inc see a business opportunity.

Ardern has received an invitation from the Chinese leadership and her visit will take place possibly this year, Fearnley said, adding that details are still being worked out.