On Breakingviews – Huawei’s China strength hides rising vulnerability, says mak_robyn:
FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo
The world’s top telecoms equipment maker has been on a U.S. export blacklist since May, which bars the Chinese group from doing business with American companies without special licences. Yet the latest set of numbers, released by Huawei on Wednesday, shows Beijing’s tech champion is doing just fine. Revenue in the first nine months of the year hit 611 billion yuan . The Shenzhen-based company, which says it is owned by its employee union, only releases limited financial data.
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