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characteristics is the leadership of the Party, which plays a central role in co
ordinating the overall situation, he said, citing Shenzhen as a good example of ha上海千花坊
ndling the relationship between market and government since China’s reform and opening-up began.
上海千花坊女神会所Early this week, Washington will review its decision on Huawei as scheduled. It put the co
mpany on its export-control list on May 15, delaying the restrictions for three months from May 21.
Although it might be the US suppliers of Huawei that care more about the outcome than the Chinese telecommu上海千花坊
nications giant itself, the US should not try to hold Huawei hostage to try and force China into agreeing to an unfair trade deal.
Huawei is confident that no power can hold back the pace with which the world wil上海千花坊女神会所
l step over the threshold into the 5G era and equally sure of its leadership advanta
ges in that technology, which come from its innovation and foresight. It spends about $20 billion a year on research a上海千花坊
nd development, and it has reportedly already begun research on the next generation 6G telecommunications technology.
Its profitability has endowed its vision with practical meaning. In the first half of this year,上海千花坊女神会所
its sales revenue reached 401.3 billion yuan ($57 billion), up 23.2 percent year-on-year, realizing a net profit of a
bout $5 billion — last year the company’s annual net profit was about $8.4 billion.
上海千花坊Indeed, Ren Zhengfei, founder and CEO of Huawei, in his most recent
media interview, even thanked the US for letting the world know how good Huawei is.
Despite this, the US government should take the opportunity to rethink its decision on Huawei.上海千花坊女神会所
However, all the signs suggest the US will not change its mind. Meng Wanzhou, Huawei’s chief financial officer, is still being detaine
d by Canada at the request of the US, and there has been no indication she will be released.