Telecommunications equipment vendors Nokia and Ericsson may be forced to move a good part of their operations out of China if a proposed move by the US, to make it mandatory that an 5G equipment used within the country be designed and made outside China, comes into force.

Finnish telecommunications equipment vendor Nokia says it has won 42 5G commercial deals around the globe, with recent wins in South America, the Asia-Pacific and the Middle East.

China has unveiled new cyber security regulations calling for "secure and controllable" technology in its networks, raising the possibility that it could be used to block American technology companies on national security grounds.