BEIJING - Chinese telecom giant Huawei Technologies said Tuesday that its sales rose about 18% in 2019 despite U.S. moves to restrict its business. The letter predicted 2020 would be a difficult year, saying the American pressure creates a challenging environment for Huawei to survive and thrive. The U.S. government says Huawei technology poses a security risk and has urged other countries not to buy its 5G mobile network equipment. It has also put Huawei on its entity list, blocking U.S. technology sales to the company. The unlisted company estimated annual sales would top 850 billion yuan ($120 billion).

Source: thestar December 31, 2019 00:51 UTC