Huawei CEO addresses US ban, 5G and users’ rights

Ren said in an interview with Chinese media in Shenzhen on Tuesday that “We are very grateful to the

US companies. They have made a lot of contributions to us. Many of our consultants are from American companies such as IBM.

“We can make chips as good as those made by US companies, but it does not mean that we will not buy chips from them,” Ren added.

He said the company will not exclude US chips. “Instead, we should grow together. But if there is a

supply shortage, we have a backup. In the “peace period”, half of our chips are from the US companies and half

from Huawei. We cannot be isolated from the world.”Ren also highlighted that Huawei’s 5G plan will not be affected by

the US ban. “Others will definitely not be able to catch up with Huawei in 5G technologies for two or three years,” he said.

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n the case before Mehta, Trump and his business orga

anization sued to block the subpoena issued in April to Mazars USA, an accountant for the president and Trump Orga

nization. Trump’s lawyers accused Democrats of harassing Trump and said the subpoena “has no legitimate legislative purpose.”

Trump’s lawyers, in suing in both Washington and New York in attempt to beat back congressiona

l subpoenas, said congressional investigations are legitimate only if there is legislation that might result from them.

In the New York case, Trump, his business and family have sued Deutsche Bank and Capital One to prevent the fi

nancial companies from complying with subpoenas from the House Financial Services Committee and the House I

ntelligence Committee for banking and financial records. A Wednesday hearing is planned in that case.

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A hearing on the proposed tariffs on Chinese imports will

 take place on June 17, according to the Office of the US Trade Representative.

Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for Internation

al Economics in Washington, said the FDRA letter will add to the pressure on Trump to reach a deal with China.

“It will not be totally ignored,” Hufbauer said.

Over the past few weeks, business groups have voiced their concern that the escalating tariffs on Chinese imports risked knocking consumers off their feet.

The Retail Industry Leaders Association, for example, said in a st

atement: “The administration’s decision to announce a tax on every product coming from China pu

ts America’s entire economy at risk. Americans’ entire shopping cart will get more expensive,” it said.

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Air China Ltd, China Southern Airlines Co and China Eastern Airl

Airlines Corp are in preliminary talks to seek compensation from Boe

ing for the disruption from the 737 MAX stoppages. At present, the report has not yet been verified.

According to a China Eastern representative previously quoted by The Paper, the issue has h

ad a limited and controllable effect on the company, and it has had more of an impact on the whole indu

stry.Wang Yuan, a popular youth icon, expressed regret and determination to behave himself on his social media acc

ount after getting a warning from health authorities for smoking indoors on Tuesday.

Photos revealed Wang, 18, was smoking at a Beijing restaurant on Monday night. It is forb

idden to smoke indoors according to municipal regulations on tobacco control.

Wang carries wide influence as a youth icon, and his violation of regulations has triggered heated discussion online.

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Experts believe the animal-friendly tours are part of an em

n emerging trend that will benefit animal protection work in the long run.

The survey, released last week, found that more than 90 perce

nt of Chinese travelers who had participated in an overseas wildlife tour said they would take

into account whether their activities negatively affected the animals before making future tour decisions.

“Wildlife-friendly travel plays a crucial role in the healthy growth of wildlife tourism. The

research shows the responsibility that Chinese travelers would like to take, which is very enc

ouraging,” said Zhao Zhonghua, chief representative of the World Animal Protection China office.

The research was based on 2,206 questionnaires and jointly conducted by marketing com

pany CVSC-TNS Research and World Animal Protection-an international nonprofit animal welfare organization.

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winners will represent them at the European Parliam

ament for the next five years. Each country gets certain seats based on proportional representation and chooses lawmakers based on its own rules.

Tian Dewen, a researcher in European Studies at the Chines

e Academy of Social Sciences, said that the coming elections are important barometers that reflect Eur

opean people’s attitudes toward their own governments as well as EU integration.

He is certain that nationalist and far-right parties will gain ground, but it is still possible that the mainstream groups, which a

re mainly politically center-left and center-right, will be able to effectively control the parliament. “If the current rul

ing parties lose many seats in the election, it indicates that they will face similar difficult situations in the followin

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China home to over 200 unicornsReportcial Services Grou

China in 2018 had 202 unicorns valued at a combined total of $744.6 billion, according to a Greatwall Strategy Consultants report.

A unicorn is a privately held startup valued at more than $1 billion.

Seven of the companies are considered super unicorns – companies valued at more than $10 billion, the report said.

They are Ant Financial ($150 billion), Bytedance ($75 billion), Didi Chuxing ($60 bi

llion), Kuaishou ($20 billion), JD Digits ($20 billion), Cainiao ($20 billion) and Bitmain ($14.5 billion).

China’s unicorns come from 22 industries, with e-commerce, smart logis

tics, new entertainment, artificial intelligence, and new energy and smart vehicles the top five sectors.

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ery likely so. Only things may not go the way Wash

If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider

technologies, they may never see it. Because Huawei is a dramatically different kind of business.

The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over

time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat

her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter

view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.

That may be why, even after Google barred Huawei from some Android featur

es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may

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Huawei launched its 5G smartphone in London on Thu

rsday as mobile network operators prepare to switch on 5G network in parts of the United Kingdom, Xinhua reported.

Also in Saturday’s call, Wang Yi urged the US to observe the one-China policy and the three joi

nt communiques between the two countries, and handle Taiwan-related issues carefully and properly.

The US House of Representatives passed a resolution reaffirmin

g the US commitment to Taiwan and the Taiwan Assurance Act of 2019 earlier this month.

Wang noted that China has expressed its firm opposition to the US recent negative remarks and actions related to Taiwan.

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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