US can't compete with Huawei says company executive

Guo Ping Huawei's rotating chairman speaks during the company's annual report

The company's smartphone sales revenue has increased by 25.1% over the previous year.

After years of being told that it was a national security threat by US lawmakers anxious that the communist Chinese government will force the company to gather intelligence for it, Huawei has had enough. Huawei is already banned in Australia, and the United Kingdom was very close to doing same, however, the British government still decided against banning Huawei's 5G equipment.

"Through heavy, consistent investment in 5G innovation, alongside large-scale commercial deployment, Huawei is committed to building the world's best network connections", declared Guo Ping, Huawei rotating chairman. Rotating Chairman Guo Ping told CNBC today that the country is dragging its name and reputation through the mud because the USA can't compete with the company. The US has abandoned all table manners'.

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On March 1, the chief financial officer of Huawei, Meng Wanzhou, also filed a prosecution against the Canadian authorities alleging she was wrongfully detained and her constitutional rights had been violated. At the request of the United States, chief financial officer Meng Wanzhou was held in Canada on suspicion of fraud and breaching U.S. sanctions in December. Revenue for the year jumped nearly 20% to 721 billion yuan. The report is released by Huawei Cyber Security Evaluation Centre (HCSEC) Oversight Board, an organization set up by British National Cyber Security Centre to test and monitor Huawei technology, and evaluate security issues posed by using Huawei's equipment in vital national infrastructure. Over the last ten years, Huawei's R&D expenditure has reached more than US$70.50 billion. "The future of telecom industry lies in the opportunities that 5G and future generations of technologies can provide to other industries".

"Security concerns are having an impact on Huawei, as more and more countries place restrictions on the firm's network gear", said Brock Silvers, managing director of Kaiyuan Capital. He said: "The US government has a loser's attitude".

Guo said that it would never allow the Chinese government to spy via its equipment because that would be "equal to suicide". The company has already disclosed accelerated growth in the first two months of 2019 as it develops cutting-edge chips and expands into cloud services.

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