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"Chinese businesses are discovering that Houston is uniquely positioned as a hub for doing business all across the Americas," said Bob Harvey, president and CEO of the Greater Houston Partnership. "These global leaders realize that Houston is not only an ideal location to invest in, it is a strategic ecosystem for the exchange of technology, expertise and best practices with other global partners. That's why we are seeing companies from China - and from all over the world - establishing their regional headquarters in Houston."

"China wants to become less dependent on the US and other Western suppliers," he said.

"China will develop a stronger multi-layered capital market, which includes large stock exchanges, regional equity markets, private funds and venture capital funds, to better support the development of innovative enterprises," he said while highlighting the importance of daring innovation in the banking, insurance and securities sectors.

"Commodities trade is, by nature, a global business, and trade along the Belt and Road will, in time, grow. That's why we are preparing ourselves early, to make the most of the opportunities," he said.

"China's efforts to promote the development of 5G networks are proceeding as scheduled. Though the ban on ZTE has led to market concern about a severe negative influence on the telecom industry, the real situation turned out better than we had expected," Essence Securities said in a research note.