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As the country steps up its push to promote the Belt and Road Initiative, the demand for engineering and trade talents has also risen since the beginning of this year.

As the COVID-19 pandemic continues to spread worldwide, it adds to the uncertainty of the global economy. Therefore, the establishment of a world-class supply chain will stabilize the region's capability in confronting economic unpredictability, Zuo said.

As the world's largest contract electronics manufacturer and a main assembler of Apple Inc's iPhone, Foxconn is looking to step into wafer fabrication. It previously failed in its bid to acquire Japanese conglomerate Toshiba Corp's flash memory chip business, but the group has not given up on its semiconductor ambitions, the sources noted.

As the top telecom equipment maker and the second-largest smartphone vendor in the world, Huawei purchases tons of chips, relevant products and services every year from US semiconductor companies, including Qualcomm Inc, Intel Corp and Micron Technology, as well as European suppliers, such as Arm Holdings and NXP Semiconductors.

As the second largest timber consumer worldwide, China is seen as a pivotal potential market for the woodworking sector, leading an array of businesses to look toward the country's wood industry.