Jul 27, 2020

Huawei holds summit as global pressure grows

Chinese technology giant Huawei starts a four-day online event today focussing on how technology can be used in the fight against the coronavirus. HSBC has issued a statement defending its cooperation with the US in a case against Huawei. On Friday, an article in China's official People's Daily newspaper said HSBC had "Framed" Huawei and played a role in the arrest of the company's finance chief Meng Wanzhou. The following day HSBC posted a statement on the Chinese social media platform WeChat which said it was not involved in Washington's decision to investigate Huawei or arrest Ms Meng. The campaign against Huawei by President Donald Trump's administration has led to the UK and Australia banning the company from building their 5G networks.

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