Huawei holds summit as global pressure grows


Chinese technology giant Huawei starts a four-day online event today focusing on how technology can be used in the fight against the coroonavirus.

The “Better World Summit” will also explore how to boost the world economy in the wake of the pandemic.

Meanwhile, HSBC has issued a statement defending its cooperation with the US in a case against Huawei. This came after Chinese state media accused the London-headquartered bank of “setting traps to ensnare” Huawei.

Huawei said the summit will feature talks by technology industry executives and experts from around the world, including Huawei’s deputy chairman Guo Ping as well as South Africa’s telecoms minister Stella Ndabeni-Abrahams.

The event will take place against a backdrop of growing pressure on the company as tensions rise between Beijing and western government.

On Friday, an article was posted which said HSBC had “framed” Huawei and played in the arrest of the company’s finance chief Meng Wanzhou.

A statement posted on HSBC’s social media the next day saying it was not involved in Washington’s decision to investigate Huawei or arrest Wanzhou.

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