FT News Briefing Huawei tries to reinvent itself
Sep 30, 2021
Huawei is in a scramble, attempting to reinvent itself amid strict U.S. sanctions, venturing into electric vehicles and 6G technology. The company faces substantial hurdles, including a dramatic revenue drop and challenges in securing funding. Meanwhile, China's Belt and Road Initiative has left numerous countries grappling with a staggering $385 billion in hidden debt. In Japan, Prime Minister Kishida's leadership signals a continuation of familiar economic policies, as Hong Kong's stock market struggles with its worst quarter for new listings since the pandemic.
AI Snips
Chapters
Transcript
Episode notes
Hong Kong Stock Market Decline
- Hong Kong's stock market is experiencing a decline in new listings, especially from Chinese tech groups.
- This marks the worst performance since the start of the COVID-19 pandemic.
Hidden Debts of Belt and Road
- China's Belt and Road Initiative has left lower- and middle-income countries with substantial hidden debts.
- This debt, often not reported to the World Bank, poses a significant financial risk to these nations.
Meng Wanzhou's Return
- Huawei CFO Meng Wanzhou's return after detention in Canada marks a significant moment for the company.
- However, Huawei still faces the challenge of navigating U.S. sanctions.