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"Given the size of its market, a strengthened consumption in China will not only be good for the Chinese economy. It could also have positive spillover effects globally," she said.

"Foxconn hopes to reduce costs and grow its market share in the US by launching the LCD panel plant. Moreover, US President Trump's claim to revitalize manufacturing, as well as preferential policies and subsidies from the state of Wisconsin have attracted Foxconn to produce LCD panels to satisfy local demand," said Zhang Yanbin, assistant director of Beijing-based consultancy All View Cloud.

"For example, in Yunnan province, a bunch of new regional airports and regional routes that connect popular tourism cities like Lijiang, Shangri-La and Xishuangbanna, are expected to emerge," he said.

"From the perspective of market development and travel safety, the company can play a role in leading infrastructure construction. We also hope to bring economic benefits while improving the commuting efficiency of citizens through cooperation with elite enterprises," said Wen Xiaodong, global partner and chairman of the board of FOSUN.

"Frequency bands are likely to be distributed to telecom carriers in the second half of this year, which will accelerate the construction of 5G networks," Wang said.