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Analysts said the steadily growing contracts show that Huawei has won the trust of more foreign telecom operators with its technological prowess, and Washington's groundless security accusations have failed to convince even some of its closest allies.

Analysts say that this time a more substantive outcome is likely.

And appliance maker Dyson announced it was moving its headquarters to Singapore, from Malmesbury in Wiltshire, although it said the decision had nothing to do with Brexit.

And part of the growth is expected to come from the Chinese market, its largest overseas market, as affluent Chinese consumers have increasingly strong demand for healthier lives and a better environment.

Analysts also said China's shift to focus on dealing with the three major tasks next year will help improve its ability to innovate.