Huawei founder:We will be reborn by 2021

Ren: We didn’t expect the United States would hit our supply chain in such a wide way – not only blocking the component supplies, but also our participation in international organisations. — AP

Beijing: Huawei Technologies Co founder Ren Zhengfei expects US sanctions to curtail its revenue by about US$30bil over the coming two years, wiping out the networking giant’s growth by withholding critical American technology.

Sales at China’s largest technology company would likely remain stagnant at about US$100bil in 2019 and 2020, the billionaire said during a panel discussion, quantifying for the first time the hit from a plethora of Trump administration restrictions.