This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
China: Huawei says growth has continued despite US trade restrictions04:18

China: Huawei says growth has continued despite US trade restrictions

China, Shenzhen
July 30, 2019 at 13:22 GMT +00:00 · Published

Huawei Chairman Liang Hua said that the Chinese telecoms giant has continued to post strong growth despite being placed on a US trade blacklist, while speaking at a press conference in Shenzen on Tuesday.

"We have proactively responded to the situation, we have worked very hard to address the issues in production and to ensure supply chain continuity'" Liang said while admitting they are expecting some short-term difficulties but said they "are very confident in our whole year performance."

"We have the capability to develop our own operating system and eco system, however our preferred choice is always to use Android and the Android ecosystem," Liang added.

According to Liang, Huawei boasted a 23 percent increase in revenue for the first six months of the year, with smartphone sales also up 24 percent in comparison with the same period last year.

The US government placed Huawei on a trade blacklist in May, reportedly for circumventing US sanctions on dealings with Iran, that forces any US company which wants to do business with them to acquire a government issued license first.

Many US companies, including Google, Intel, and Microsoft, immediately suspended their cooperation with Huawei as soon as the restrictions came into effect.

China: Huawei says growth has continued despite US trade restrictions04:18
Pool for subscribers only
Restrictions

mandatory credit: huawei

No Account? Sign up!
Description

Huawei Chairman Liang Hua said that the Chinese telecoms giant has continued to post strong growth despite being placed on a US trade blacklist, while speaking at a press conference in Shenzen on Tuesday.

"We have proactively responded to the situation, we have worked very hard to address the issues in production and to ensure supply chain continuity'" Liang said while admitting they are expecting some short-term difficulties but said they "are very confident in our whole year performance."

"We have the capability to develop our own operating system and eco system, however our preferred choice is always to use Android and the Android ecosystem," Liang added.

According to Liang, Huawei boasted a 23 percent increase in revenue for the first six months of the year, with smartphone sales also up 24 percent in comparison with the same period last year.

The US government placed Huawei on a trade blacklist in May, reportedly for circumventing US sanctions on dealings with Iran, that forces any US company which wants to do business with them to acquire a government issued license first.

Many US companies, including Google, Intel, and Microsoft, immediately suspended their cooperation with Huawei as soon as the restrictions came into effect.

Top downloads in last 24 hours
Pool for subscribers only
01:23
Egypt: Russian freediver sets new world record for bi-fins dive Egypt: Russian freediver sets new world record for bi-fins dive
November 29, 2020 at 19:37 GMT +00:00
Pool for subscribers only
04:38
Austria: Japan's Shigekix and Russia's Kastet crowned world breakdance champs in SalzburgAustria: Japan's Shigekix and Russia's Kastet crowned world breakdance champs in Salzburg
November 29, 2020 at 18:51 GMT +00:00
04:40
Japanese train station vineyard releases own Merlot direct from the platformJapanese train station vineyard releases own Merlot direct from the platform
November 29, 2020 at 19:52 GMT +00:00
04:36
Gutsy granny lifts weights and squats like a pro at 82Gutsy granny lifts weights and squats like a pro at 82
November 30, 2020 at 10:17 GMT +00:00
Pool for subscribers only
02:38
Switzerland: We have not lived up to Syrian people's expectations - UN envoy ahead of latest peace talksSwitzerland: We have not lived up to Syrian people's expectations - UN envoy ahead of latest peace talks
November 29, 2020 at 18:01 GMT +00:00
02:41
France: Catholics attend outdoor mass amid COVID-19 restrictions in ParisFrance: Catholics attend outdoor mass amid COVID-19 restrictions in Paris
November 29, 2020 at 22:30 GMT +00:00
02:30
Spain: Thousands flood Madrid's streets to protest health service cutsSpain: Thousands flood Madrid's streets to protest health service cuts
November 29, 2020 at 21:39 GMT +00:00
02:54
El Salvador: Hundreds of baby sea turtles released into ocean as part of conservation projectEl Salvador: Hundreds of baby sea turtles released into ocean as part of conservation project
November 29, 2020 at 15:42 GMT +00:00
Pool for subscribers only
03:54
Iran: Killing won't go 'unanswered' - DefMin Hatami as slain nuclear scientist laid to rest in TehranIran: Killing won't go 'unanswered' - DefMin Hatami as slain nuclear scientist laid to rest in Tehran
November 30, 2020 at 10:59 GMT +00:00
02:59
France: Chaos hits Paris as protesters clash with police at anti-security bill demoFrance: Chaos hits Paris as protesters clash with police at anti-security bill demo
November 28, 2020 at 23:30 GMT +00:00
03:31
Ice rink opens in Moscow's Red Square spreading holiday cheer Ice rink opens in Moscow's Red Square spreading holiday cheer
November 29, 2020 at 00:59 GMT +00:00
03:58
Switzerland: You cannot claim neutrality and still profit from war - Proponent of arms manufacturing finance banSwitzerland: You cannot claim neutrality and still profit from war - Proponent of arms manufacturing finance ban
November 29, 2020 at 20:06 GMT +00:00
02:49
Switzerland: Voters cast their ballots in referendum on financing of arms manufacturersSwitzerland: Voters cast their ballots in referendum on financing of arms manufacturers
November 29, 2020 at 15:55 GMT +00:00
02:28
Nagorno-Karabakh: First Russian military medical units arrive in Stepanakert Nagorno-Karabakh: First Russian military medical units arrive in Stepanakert
November 29, 2020 at 17:31 GMT +00:00
Pool for subscribers only
00:47
Indonesia: Lewotolo volcano erupts spewing ash into skyIndonesia: Lewotolo volcano erupts spewing ash into sky
November 29, 2020 at 05:56 GMT +00:00
00:51
Belarus: Pedestrian cheats death by inches in BobruiskBelarus: Pedestrian cheats death by inches in Bobruisk
November 30, 2020 at 11:16 GMT +00:00
02:50
Spain: Madrid centre crowded as Christmas season kicks off amid COVID spreadSpain: Madrid centre crowded as Christmas season kicks off amid COVID spread
November 30, 2020 at 02:36 GMT +00:00
03:10
Pakistan: ‘World’s loneliest elephant’ departs Islamabad zoo for sanctuary in CambodiaPakistan: ‘World’s loneliest elephant’ departs Islamabad zoo for sanctuary in Cambodia
November 29, 2020 at 15:42 GMT +00:00
04:01
Armenia: Demonstrators appeal to Russia to help return prisoners and bodies from Azerbaijan Armenia: Demonstrators appeal to Russia to help return prisoners and bodies from Azerbaijan
November 29, 2020 at 15:53 GMT +00:00
03:26
Germany: Drive-in Christmas market preserves holiday spirit despite pandemic restrictionsGermany: Drive-in Christmas market preserves holiday spirit despite pandemic restrictions
November 29, 2020 at 20:51 GMT +00:00
03:59
Argentina: 'I'm proud of what I did' - Maradona's doctor on legend's treatment following police raidsArgentina: 'I'm proud of what I did' - Maradona's doctor on legend's treatment following police raids
November 30, 2020 at 01:55 GMT +00:00
03:06
Turkey: Volunteers take part in testing China's COVID vaccine in IstanbulTurkey: Volunteers take part in testing China's COVID vaccine in Istanbul
November 27, 2020 at 23:01 GMT +00:00
03:28
France: Damage and debris on the streets of Paris after violent security bill protestsFrance: Damage and debris on the streets of Paris after violent security bill protests
November 29, 2020 at 14:20 GMT +00:00
02:33
UK: Arrests made at London anti-lockdown rallyUK: Arrests made at London anti-lockdown rally
November 28, 2020 at 14:18 GMT +00:00
View all videos