Britain and China have been exchanging barbs for months over China’s crackdown on dissent in Hong Kong, concern over the security of Huawei technology and the treatment of ethnic Uighurs in China’s Xinjiang region.
The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes.
Overseas shipments, however, fell nearly a third in the second quarter and Canalys analyst Mo Jia warned that strength in China alone "will not be enough to sustain Huawei at the top once the global economy starts to recover".
Huawei Technologies on Tuesday said its full-year revenue would likely jump 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier projections, as a US trade blacklisting curbed growth and disrupted its ability to source key parts.
Swedish telecoms equipment maker Ericsson plans to invest 1 billion reais ($238.30 million) in Brazil to add a new assembly line dedicated to 5th generation technology (5G)
The Trump administration is set to issue a 90-day extension of a license on Monday allowing US companies to continue doing business with China’s Huawei Technologies Co Ltd,