Huawei holds online summit as global pressure increases

Chinese telecom company Huawei has organized a four-day online summit today focusing on how technology can be used to fight coronavirus pandemic.

The event named “Better World Summit” will also discuss how to strengthen the world economy during the pandemic.

According to the international news agency, Huawei said that technology industry executives and experts from all around the world will gather to negotiate on significant matters. Technology experts including Huawei’s rotating chairman Guo Ping as well as South Africa’s telecoms minister Stella Ndabeni-Abrahams will join the summit.

The online summit is being organized against pressure on the company as tensions between China and the western government prevails.

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HSBC has released a statement defending its cooperation with the US in a case against Huawei.

An article in China’s official People’s Daily newspaper was published on Friday according to which Huawei had been “framed” by HSBC. HSBC had also played a part in the arrest of the company’s finance chief Meng Wanzhou.

After that, HSBC posted a statement on the Chinese social media app WeChat. According to the statement, it had not taken part in Washington’s decision to investigate Huawei or arrest Ms. Meng.

It also said, “HSBC has no malice against Huawei, nor has it ‘framed’ Huawei”. In response, another Beijing-controlled newspaper, The Global Times, said: “Chinese observers called HSBC’s statement ‘not persuasive’ at all”.

After 31 December, UK telecom operators will be barred from purchasing new Huawei 5G devices, and by 2027, they will also delete the Chinese firm’s 5G kit from their networks.