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"But to participate in China they will have to be competitive in China and being competitive in China means being as innovative, as productive and digital as Chinese enterprises are," Woetzel said.

"China market is vast and fast changing and there is still a lot of space for new comers if they are able to differentiate and win through either efficiency or better customer experience," he added.

"Canada became a pawn in this unilateral set of actions by the US against both Iran and Huawei, thanks to the US dominant position in international affairs and in the international banking and payment system," he said. "For Canada, it was very hard to treat this case separately from normal extradition cases. Yet, this is clearly not a classic extradition case."

"China has not approved new nuclear power sites for two consecutive years, since Guangdong's Huizhou and Fujian's Zhangzhou in 2019. Nuclear power will help decarbonize China's power and heating sector, replace some of the existing coal powered-consumption and meet increasing energy demand, which is embedded in China's economic shift to services-led industries," said Wei.

"China has been very pragmatic. It has been very gradualist and cautious and has not wanted to rip up the existing order. But things are moving much more quickly now and over the next 20 years there will undoubtedly be a new global order of some kind," he said.