Believed to be caught in the cross fire of trade war between two economic giants, China and US, the Chinese technology major Huawei’s founder and CEO Ren Zhengfei recently emphasized on the need of unhindered open collaboration to benefit the global consumers vis-à-vis new age technological innovation. Zhengfei was participating in an international press meet which also included Nicholas Negroponte, co-founder of the MIT Media Lab and noted venture capitalist George Gilder.
Addressing how Huawei will engage American companies who wish to keep supplying it with products, Zhengfei commented: “All of the US companies that we work with are great companies that hold themselves to high standards in terms of business integrity and ethics. The current setbacks we are facing are not caused by those American companies, but by politicians who see things differently from the way we see them. We didn’t expect such extreme measures, but we did make some preparations.”
In 2019 and 2020, the company’s annual sales revenue will be about USD$100 billion, according to Zhengfei. But around 2021, he believes Huawei we will regain its growth momentum and provide even better services to society.
“Only through open collaboration can we meet people’s demands, and bring the benefits of new technologies to more people at lower costs. There definitely have been and will be ups and downs during the process of economic globalization, and we need to take the right approaches to these ups and downs. That means we need to use laws and rules to reconcile and resolve issues, instead of imposing extreme restrictions,” he further added.