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And with China's drive to become an advanced manufacturing hub, the number of innovations from the country is likely to soar.

Analysts believe the intensive measures will help China meet increasing domestic demand, achieve balanced trade and share development dividends with rest of the world.

An online investment signing and promotional event was held on Tuesday in Dalian, Northeast China's Liaoning province, featuring 91 projects with a total expected investment of 105.15 billion yuan ( billion).

An oversight board that monitors Huawei activity in the UK said it can only provide "limited assurance" that all national security risks originating from Huawei's involvement in the UK's critical networks can be "sufficiently mitigated long-term".

And all of that activity comes as Microsoft is preparing to renovate its massive Redmond, Wash. headquarters campus. Microsoft also recently announced plans for a new 0 million Canadian headquarters in Toronto, joining other tech giants like Google and Uber in planting flags in the city.