Huawei to create more jobs, invest more in foreign markets

In this September 2020 file photo, visitors at the booth of Huawei during the China International Fair for Trade in Services in Beijing. - China Daily

BEIJING (China Daily/ANN): chinese technology giant Huawei will continue to create more jobs in other countries through its investments and hiring, a top company official said on Tuesday (Oct 13).

Yan Lida, director of the board and senior vice-president of Huawei, said the Chinese company has been investing in countries like Canada for over a decade and helped sustain the local economy through its employment efforts.

Huawei is among the top 20 largest corporate investors in Canada and employs over 1,200 people there. It has also helped create more than 5,000 indirect jobs, he said.

The company will continue to increase investment and employment in the North American country, said Yan.

Yan made the remarks during a panel discussion on "Investment in Canada" organised during the Canada China Business Council's 42nd Annual General Meeting Business Forum held in Beijing.

Yan, however, warned of potential risks for companies investing in Canada and said that Chinese companies must take adequate safeguards due to the challenging global business environment.

Dave Murphy, consul general of Canada in Shanghai, noted that Canada will continue to be an important outbound investment destination for Chinese investors despite the challenging global economic conditions since the Covid-19 epidemic.

He said as businesses gradually return to normalcy in China, the North American country will step up its efforts to attract more Chinese investors.

"It has been a difficult year for all of us as the Covid-19 pandemic has significantly impacted the global economy ... China's situation is different from others as it is recovering rapidly after the difficulties during the first few months of this year," said Murphy.

China is currently Canada's second-largest trading partner after the United States.

In 2019, Canada imported goods worth US$46.8 billion from China, while its exports totalled US$24.4 billion, data from the Canadian government showed.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Huawei , jobs , invest , foreign , markets


Did you find this article insightful?


Next In Aseanplus News

Thai army chief denies Twitter ‘IO’ campaign after documents leaked
Court awards S$5.6mil to family of woman who died after botched liposuction
WFP reaffirms support for Indonesia's food security in new strategic plan
Thailand confirms return of Iranians held over botched 2012 bombing
Philippines to buy 2 million doses of AstraZeneca Covid-19 vaccine
Nepal and China to jointly declare new height of Everest
Australia seeks to break China coal stalemate as tensions rise
Hong Kong to require mandatory tests for suspected Covid-19 patients
Malaysia wants changes to KL-S'pore High Speed Rail project, S'pore remains committed to pact: MOT
Hong Kong cosmetics influencer and baby son targeted in terrifying home invasion, as thieves bag HK$3.6 million in valuables

Stories You'll Enjoy