BEIJING -- Chinese telecommunications giant Huawei said Tuesday that "survival" was its top priority after announcing 2019 sales were expected to fall short of projections as a result of US sanctions. The global leader in telecom networking equipment has been effectively banned by the United States from working with American firms on the grounds that it poses a national security threat --- an accusation the Chinese company has consistently denied. Chairman Eric Xu said Huawei's sales revenue for 2019 was likely to reach 850 billion yuan (US$121 billion) -- up roughly 18 percent from the previous year. Though he said "business remains solid", the figure was lower than a previ...
Keep on reading: Huawei says ‘survival’ top priority as sales fall short
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