Chinese premier Xi Jinping visited Nepal recently, where China’s influence has grown rapidly, prompting Washington to push back – but is it ‘too little, too late’?
Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, the company CEO Lei Jun said on Sunday, speaking at the World Internet Conference in the eastern Chinese town of Wuzhen.
Huawei's revenues jumped 24.4 percent on-year to $86.2 billion and its profit margin increased 8.7 percent, despite what it called a US campaign to isolate the company globally.
The blacklist effectively bars US firms from selling technology to Chinese companies without government approval.
The difficult relationship between two key US allies in Asia-Pacific has become a full-blown trade war, which is bound to have an impact on the global economy.
Observers are asking whether a phone without the Silicon Valley software that users have come to depend on can succeed, or whether Huawei will have found a way for buyers to install popular apps despite the constraints.
The Trump administration has not yet granted any licences for sales to the blacklisted company
In its reaction, the Chinese tech giant said that the temporary extension "does not change the fact that Huawei has been treated unjustly."
The extension renews an agreement set to lapse on August 19, continuing the Chinese company's ability to maintain existing telecommunications networks and provide software updates to Huawei handsets.
The highly-anticipated software is considered crucial for the tech giant's survival amid a White House ban on US companies selling technology products to them.
Huawei was placed by Washington on a blacklist in mid-May that effectively blocks US firms from doing business with the Shenzhen-based firm.
The future of US companies' ties to Huawei, the world's top maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns.
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