Huawei founder hopes Biden administration will have an “open policy”

Huawei Technologies’ founder Ren Zhengfei said on Tuesday it would be “extremely difficult” for the United States to end the sanctions that have crippled its phone business, but that he hoped the new U.S. administration would have an “open policy”.
Ren, who was making his first media appearance since March last year, said he hoped U.S. President Joe Biden’s administration would bear in mind U.S. business interests when forming its policy. He said it was “conducive” to the financial performance of U.S. companies to supply Chinese firms.
Huawei achieved positive growth for both 2020 revenue and net profit, Ren said, adding that the company continued to see significant levels of confidence from its customers.
“We hope the new administration will harbour an open policy for the benefit of the American firms and also the economic development of the U.S.,” he told reporters on the sidelines of a 5G mining project Huawei was launching in the northern Chinese city of Taiyuan.