Trade War: US Actions Won’t Affect Growth, Says Huawei

In his latest meeting with the media, Huawei founder Ren Zhengfei has repeated that Huawei is in a strong position to move ahead in spite of recent political situation inflcited by the United States.


In his latest meeting with the media, Huawei founder Ren Zhengfei has repeated that the company is in a strong position to move ahead in spite of the recent situation inflcited by the United States.

In answer to a media question, he further explained about its relationships with US companies, “The US is a country ruled by law. US companies must abide by the laws, and so must the real economy. The media should understand that these US companies and Huawei share the same fate. We are both players in the market economy. Our close relationships with US companies are the result of several decades of effort on both sides. These relationships won’t be destroyed by a piece of paper from the US government.”

With that, the stock markets gain support over optimistic comments by China tech giant Huawei.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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