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Huawei refutes suggestions state support drove its growth

December 26, 2019

Via: ZDnet

Huawei Technologies has lashed out at a US Media report that suggests the tech giant’s success is fuelled by billions of dollars in financial support from the Chinese government, arguing that its ties are no different from any other private company that operates in China. The vendor adds that it has invested between 10% and 15%of its revenue in research and development over the past three decades, which it attributes to its success.

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