In the wake of President Donald Trump’s meeting with China’s Xi Jinping in Osaka, Japan Saturday, the Committee on the Present Danger: China (CPDC) called for a halt to the sale of all U.S. equipment to the Huawei communications company. Trump announced that “U.S. companies can sell their equipment…
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Huawei Founder Says Revenue Will Be Billions Below Forecast
Huawei’s founder said Monday that the Chinese telecom giant’s revenue will be $30 billion less than forecast over the next two years, as he compared the company to a “badly damaged plane” in the face of U.S. government actions against it. “We never thought that the U.S.’s determination to…
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