The Inquisitr - Tech

Huawei executive Guo Ping said the company is struggling to survive because of policies enacted by the U.S. that have left its business in trouble. Bans on U.S. companies working with Huawei have meant one of the company’s biggest markets is off limits.

With international partners also cautious of adopting Huawei’s 5G technology, the Chinese tech giant has faced mounting problems. As reported by CNN, the company’s rotating chief executive spoke at a press conference and presented a dire picture for the multinational corporation.

“Huawei is in a difficult situation these days. Nonstop aggression from the US government has put us under significant pressure… Right now, survival is the goal.”Under the Trump administration, the White House has been a staunch critic of Huawei and other Chinese companies. Much of the pressure came from Washington extending bans on American firms working with the organization. New sanctions introduced in May and August restrict the

To read the full article click on the 'post' link at the top.