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."
