Huawei, US sanctions and Covid slow down the march of Chinese technology


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Huawei, US sanctions and Covid slow down the march of Chinese technology October 25, 2020 by drbyos MILANO – The Chinese tech giant Huawei continues to grow, but the effects of the pandemic and the US sanctions – which have generated a wave of vetoes also in the Old Continent on the use of its technologies – are being felt on the pace of business expansion. In fact, the Asian company closed the first nine months of the year with revenues up 9.9% to 671.3 billion yuan (about 100.4 billion dollars), but its growth was slowed down. The profit margin...