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"But the government of India will assure that the vaccine will be made available to those who need it the most, irrespective of their paying capacity," he said.

"CFIUS does not have adequate resources or expertise to deal with the massive number of cases that would result from the current draft of FIRRMA," Lowery said.

"China has started a new round of negotiations with some countries over visa simplification, and more good news will be heard next year," he said.

"China can provide Canada with low-cost products for the manufacturing sector in return," he added. "China's outbound investment has been increasing rapidly. If its investment in Canada is also on the rise, it will help to boost the local economy.

"China is expected to become the largest 5G market in the future, and is playing an increasingly important role in the globalized development of Qualcomm," said Qualcomm China Chairman Meng Pu.