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China tech

Huawei top executive says ban will disrupt global economy

Chairman rejects spy claims and pledges $2bn to make products safer

Huawei Rotating Chairman Ken Hu talks with reporters on Dec. 18. (Photo courtesy of Huawei)

DONGGUAN, China/TAIPEI -- A top executive at China's Huawei Technologies slammed as groundless the growing accusations that its telecommunications equipment poses a spy threat and warned that efforts to shut out Huawei from international markets will harm the wider economy.

"We have more than 13,000 suppliers globally, and we are purchasing $70 billion in components and parts this year," Rotating Chairman Ken Hu said at a news conference in the southern Chinese city of Dongguan on Tuesday. "Any abnormal disruption on supply chains not only will pose an impact on suppliers, it will also deal a great blow to the global economy."

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