Huawei’s Revenue Hits Record $122B in 2019 Despite U.S. Campaign
wsj.com
wsj.com
11% of their business came from other south pacific countries (which they have a large stake in)
6% from the Americas.
30% of their revenue came from Europe-Africa-Middle East, which is the real "battle ground" for them.
Rate of growth slower than expected, according the the article.
When asking colleagues about why they would choose Huawei aside from price (all of them could afford Apple if they wanted) the common response I got was that everyone is spying on everyone anyways and usually a joke about is China really any worse than the U.S.
Most people of my generation didn’t see that much of the cold war but still understood what was done during that time on both side, and that from very early in their life.
A lot of people are not joking when they say they don’t trust the US, and tend to pay more attention to the control the US has on the tech and media sectors, even if the US is a long time ally.
At the moment, American bullying is not providing that.
giving US support of Pakistan? :) While China, despite potentially having points of contention with India, seems to have at least for now decided to not angry up the Indian tiger.
"The United States Agency for International Development (USAID) compiled and published a data in 2015 indicating that from the period 1946-2012, India has been the recipient of highest aid from United States. The amount of economic aid, adjusted to inflation then, was reported to be USD 65.1 billion"
Huh?
Kuomintang for a long time considered themselves a "tru Chinese", carriers of the spirit of the Chinese nation (as opposd to those godless commies).
That is the problem, the Chinese view is that ethnic Chinese is Chinese. The word Chinese has double meaning and get muddle up a lot. Unfortunately there doesn't seems to be another accepted English word for ethnic Chinese.
The US during the Cold War could rally around large national programs (e.g. space race) and wars (e.g. Vietnam) because there was a foreign enemy. That enemy could be foreign actor (Russia) or an idea (communism) or a person (Saddam, for example.)
The spirit of "do your part" is deeply appealing to our core desire to form tribe. The strongest sense of Us comes from a Them.
Like some other commenters, I'd also like to know which this mythical "chinese dominated country" is. Why not just say I'm from X, rather than being so cryptic? So many anecdotal propaganda start off with such vague comments.
> I can tell you this is because of the absurd nationalistic view that the Chinese hold.
What "absurd" nationalistic views do they hold that you or anyone else doesn't hold? I think everyone, including you, hold the same absurd nationalist views. I suspect that's why you wrote such a strange anti-chinese comment.
> For example, I know atleast 5 co-workers who sold their iPhones to get a Huawei when the sanction was made.
That's it? In a trade war with the US, "nationalistics" chinese are buying chinese products? In the US, we had "buy american" for decades - even without the trade war.
> "US is evil, I should support China at such times!"
You mean during a US led trade war against china, the chinese are calling the US evil and supporting their own nation? Do you think they should support the US?
> This was very noticeable when Huawei's CFO was arrested. I tried to understand why, so I threw many arguments at them such as Huawei was actually caught sending data back to 3rd party servers in China ...
But your arguments had nothing to do with the CFO's arrest. The CFO was arrested because she allegedly lied to banks in order to evade sanctions on Iran and trade with them.
There are so many vague "anecdotal" anti-chinese propaganda all over social media that I'm having a hard time believing its not coordinated in some manner.
You are trying to make your "chinese" collegues look bad but they are acting like every person would. I'm sure if your "chinese dominated country" were being attacked with a trade war, you'd side with your own nation right?
Nothing absurd about it. The US government is trying to coerce the Chinese government. Great time for them to feel nationalistic.
> I tried to understand why, so I threw many arguments at them such as Huawei was actually caught sending data back to 3rd party servers in China and I even tried explaining maybe the sanction is on them because they broke the law/agreement w/ the US.
The core of that argument rests on the idea that Chinese people should accept that the US can dictate how they deal with Iran. And that the US can choose how to enforce compliance to that law. Both of those assumptions are flaky at a basic Chinese-people-should-agree-with-this level.
International rule of law would be nice, but the US doesn't particularly constrain themselves by rule of law in the international sphere - they've invaded a lot of countries on flimsy pretexts. That is much worse than trading with people. After that example, why should the Chinese worry about international rules that are inconvenient? For all the fact that their government is brutal and terrifying it hasn't invaded anywhere in the middle east in the last 20 years.
Also then you agree that Chinese govt shouldn't be allowed to commit genocide against Uighurs?
Your characterization seems a bit misleading.
This isn't a case that is being put through the Chinese court system. That suggests that the Chinese government doesn't see a problem with Huawei's actions. The US banks getting to have a legal say beyond that is a very questionable position given that they presumably knew who they were lending money to. The fact that under US law nothing is out of the ordinary is cool and all, but Meng Whanzhou isn't meant to be subject to US law. She's a Chinese businesswoman running a Chinese business from China.
Call me crazy, but she should be subject to Chinese law. And I can easily see why Chinese people might think that.
What do you mean about the US banks having a legal say? The government is the one doing the prosecuting.
And if they were lied to, then how would they know that their money would be used to violate sanctions? Are you saying that they should have known that Huawei was lying, therefore it’s their own fault? Maybe that’s the case, but it doesn’t have any bearing on whether a crime was committed.
Edit: And that doesn’t change the fact that your original comment was highly misleading. I’m sure you can come up with some argument against the US position, but you should have done that in the first place instead of posting a strawman.
Yes, but if the charge was that you were engaged in trade with Taiwan (or recognising Taiwan as an independent state) that would be equally outrageous.
> What do you mean about the US banks having a legal say? The government is the one doing the prosecuting.
I must have misunderstood what you said. I thought the banks in the US being fined was relevant.
> Are you saying that they should have known that Huawei was lying, therefore it’s their own fault?
Pretty much. Joys of capitalism. If this sort of thing is legal in the place where Huawei is sourcing their management from then they should have expected it. If somebody enters into an unenforceable contract and the other party starts laughing and ignoring it, that is on the parties involved.
> Maybe that’s the case, but it doesn’t have any bearing on whether a crime was committed.
It totally does have a bearing. America doesn't get to decide what a crime is for Chinese companies. The US can choose to hinder business between US companies and Chinese companies, can choose to restrict Chinese corporate activity on US soil and can negotiate for whatever they like. But grabbing people on a connecting flight as the opening play is going to stir up the nationalists for good reasons.
> Edit: And that doesn’t change the fact that your original comment was highly misleading. I’m sure you can come up with some argument against the US position, but you should have done that in the first place instead of posting a strawman.
US law is not some natural law of the world, and a US judge making a ruling is something that only US citizens should have to knuckle under and accept. If someone from China gets unhappy that suddenly their business leaders are being messed with on the orders of a US judge then it is totally understandable.
But the CFO was arrested for financial fraud, and I would also be expected to be arrested if I engaged in financial lying with China, whether I was in China at the time of lying or not.
For example, if some company from my country violated US (or wherever they operated) law and got penalized for that (and they have been in the past, actually), I wouldn't be like "screw the US! I must support my country!!". I would just think "Oh, probably they shouldn't have done that" and move on. All I'm saying is it's surprising to me to see this kind of nationalistic knee-jerk reaction en masse. I have never witnessed it personally until now, so I shared my mere observation.
If it were just a charge against Huawei then yeah, a nationalistic response would be a little silly.
Americans could be patriotic (GOOD!)
Chinese could only be nationalistic (BAD!)
Disclaimer: I work in Cisco’s SP routing group.
Wish the "news" would just print the facts without the spin for a change.
2. "and comply with GAAP" - they don't. Accounting in China is IFRS based, as far as I know.
How does one steal technology that no other company posses?
Let us hope sanctions don't fall apart as a tool, lest we end up with a much less pleasant tool: war.