Huawei chief says US may ‘escalate’ but confident on business

Davos: The chief executive of Chinese telecoms giant Huawei on Tuesday said he was ready for the United States to escalate a “campaign” against the firm this year but insisted it would not have a significant effect on business.

The comments by Huawei chief executive and founder Ren Zhengfei to business leaders at the World Economic Forum in Davos come amid a bitter court fight in Canada over a US demand to extradite Huawei’s chief financial officer Meng Wanzhou, who is his eldest daughter.