BEIJING: Chinese telecom giant Huawei said on Tuesday it would set up manufacturing hubs in Europe, as it tries to fight off US pressure on EU nations to stop it from operating. “Huawei is more committed to Europe than ever before,” said the company’s top executive for Europe Abraham Liu during a Chinese New Year reception in Brussels. He also urged Europe, the US and China to “invest more, in political discussion, to talk about collaboration and common rules”. Building factories in Europe would also help persuade EU countries to turn away from tough measures against Huawei, with all eyes on Germany which has delayed its decision on a possible ban. Huawei is one of the world’s leading network technology suppliers, and one of the few — along with European telecom companies Nokia and Ericsson — capable of building 5G networks.

Source: Pakistan Today February 05, 2020 07:41 UTC