US’s restrictions against Huawei is most likely to leave its business unaffected

On Tuesday, the Chief Executive Officer of Chinese telecommunications company Huawei said that he was prepared to intensify a “war” this year, stressing that there would be no significant impact on companies.

Huawei CEO and founder Ren Zhengfei commented upon the world business leaders at the Davos Economic Forum in the middle of a bitter Canadian battle over a request by the US to extradite Meng Wanzhou, Huawei’s chief financier.

The United States was also effectively banned from working with American firms on Huawei, the world leader in telecom networking equipment because it is a threat to national security–a charge which the company consistently denied.

He said the organization had invested heavily in its security and this year was well prepared.

On Monday, Meng Wanzhou went to court for extradition to the US, her lawyers calling her “fiction” to accuse.

The USA charged that Meng had lied to HSBC Bank about Huawei and its Iran-based Skycom subsidiary, which placed the bank in danger of breaching US penalties for Tehran.

The accusations were refuted by Meng. For one of her two Vancouver mansions, she’s been under bail for the past year.

In the past, Zhengfei considered the case to be part of a US crushing Huawei strategy, which he saw as a danger to security.

Huawei said in December that “survival” should be the highest priority after 2019 sales are announced due to US sanctions.

Washington banned U.S. companies from selling Huawei devices by cutting off Google’s Android smartphone giant.

“The US… it’s the world leader and if anyone is better than them, maybe they don’t feel comfortable,” said Ren.

He said that Huawei was “used to be” an admirer of the USA and was influenced by American administration structures in particular.

“The USA should not be too concerned about the role of Huawei and Huawei in the world from this point of view.”