US President Donald Trump signed an executive order on Wednesday declaring a national economic emergency, giving his government extensive powers to approve or disapprove activities of foreign telecom firms like Huawei.
The Chinese tech giant Huawei has unveiled a new operating system, HarmonyOS, which the company hopes will become an alternative to Android. But convincing customers to opt for the new platform may prove a daunting task.
Amid US efforts to isolate the company, Huawei has benefited from new 5G contracts and millions of smartphone sales. But the company's chairman made clear that it "may affect the pace of our growth in the short term."
China doesn't need the former Crown colony quite as much as it did back in 1997 when it switched from British rule. But the Special Administrative Region remains a valuable conduit for Beijing.
Huawei’s revenues for the first half of 2019 were up and, despite US blacklisting it in May, the Chinese telco is confident of more growth this year. It is now even wooing US allies, like Poland, with investment pledges.
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