News on China's scientific and technological development.
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Hendrik_2000
Lieutenant General
Huawei sales rose 3.8% last year
Wed, March 31, 2021, 3:16 AM
BEIJING (AP) — Chinese tech giant Huawei said Wednesday it eked out higher sales and profit last year but growth plunged after its smartphone unit was hammered by U.S. sanctions imposed in a fight with Beijing over technology and security.
China’s first global tech brand reported sales of phones, network gear and other technology rose 3.8% over 2019 to 891.4 billion yuan ($135.8 billion), a decline from the previous year’s 19.1% growth. That was propelled by a 15.4% gain in China, while sales in other markets shrank.
Huawei Technologies Ltd. is struggling to keep its global markets after then-President Donald Trump in 2019 cut off access to U.S. processor chips and other technology. Huawei was the top-selling smartphone brand in the second quarter of 2020 but fell out of the global top five after losing Google's music and other popular services.
“We think this is a very unfair situation to Huawei. It has damaged us a lot,” chairman Ken Hu said at a news conference at Huawei headquarters in the southern city of Shenzhen.(cont)
China's Huawei says 2020 sales rose despite US sanctions
China Huawei
JOE McDONALDWed, March 31, 2021, 3:16 AM
BEIJING (AP) — Chinese tech giant Huawei said Wednesday it eked out higher sales and profit last year but growth plunged after its smartphone unit was hammered by U.S. sanctions imposed in a fight with Beijing over technology and security.
China’s first global tech brand reported sales of phones, network gear and other technology rose 3.8% over 2019 to 891.4 billion yuan ($135.8 billion), a decline from the previous year’s 19.1% growth. That was propelled by a 15.4% gain in China, while sales in other markets shrank.
Huawei Technologies Ltd. is struggling to keep its global markets after then-President Donald Trump in 2019 cut off access to U.S. processor chips and other technology. Huawei was the top-selling smartphone brand in the second quarter of 2020 but fell out of the global top five after losing Google's music and other popular services.
“We think this is a very unfair situation to Huawei. It has damaged us a lot,” chairman Ken Hu said at a news conference at Huawei headquarters in the southern city of Shenzhen.(cont)
Huawei shoudnt complain too much. If you think that is unfair then too bad, maybe next time it should focus on domestic IP instead of worshipping western technology as it did before.
Hopefully now it seems that they have learnt their lesson after this. Next on line should be the other big chinese tech companies
Samsung is continuing to lose market share despite the Huawei crackdown. They should up their game.
I thought this happened last year? Same power capacity of 10 MW.
My article is about blade length. The previous turbine had a diameter of 185 meters, the recent one has 210 meters. It has China's first blade over 100 m which is the longest for its power class and one of few in the world.
@BoraTas the reason for supplying chips to Huawei? a big opportunity had just manifest itself.
Hendrik_2000
Lieutenant General
China march into high tech country continue unabated
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Published: 2:41pm, 31 Mar, 2021
The official manufacturing PMI – a survey of sentiment among factory owners in the world’s second-largest economy – rose to 51.9 in March from 50.6 in February.
China’s advanced manufacturing “can continue to outperform” traditional manufacturing, driven by heavy policy support from Beijing, after the sector led a key monthly indicator of economic activities in March.
Beijing introduced a during the National People’s Congress (NPC) earlier this month to upgrade its manufacturing capabilities by 2025 via eight priority areas.
China’s overall official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners – from 50.6 in February, according to data released by National Bureau of Statistics (NBS) on Wednesday. A reading above 50 indicates growth in sector activity, while a reading below the mark represents contraction. The higher the reading above 50, the faster the pace of expansion.
Within the survey of sentiment among factory owners in the world’s second-largest economy, the readings for hi-tech manufacturing and equipment manufacturing were 53.9 and 52.9, respectively, two and one percentage points higher than the overall manufacturing PMI.
China’s advanced manufacturing upgrade backed to gather pace, driven by top priority status in five-year plan
- Beijing outlined a comprehensive plan to upgrade its manufacturing capabilities by 2025 via eight priority areas, including robotics, aircraft engines, new energy vehicles and smart cars
- Hi-tech manufacturing and equipment manufacturing outperformed overall manufacturing in March’s official manufacturing purchasing managers’ index (PMI)
, , and
Published: 2:41pm, 31 Mar, 2021
The official manufacturing PMI – a survey of sentiment among factory owners in the world’s second-largest economy – rose to 51.9 in March from 50.6 in February.
China’s advanced manufacturing “can continue to outperform” traditional manufacturing, driven by heavy policy support from Beijing, after the sector led a key monthly indicator of economic activities in March.
Beijing introduced a during the National People’s Congress (NPC) earlier this month to upgrade its manufacturing capabilities by 2025 via eight priority areas.
China’s overall official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners – from 50.6 in February, according to data released by National Bureau of Statistics (NBS) on Wednesday. A reading above 50 indicates growth in sector activity, while a reading below the mark represents contraction. The higher the reading above 50, the faster the pace of expansion.
Within the survey of sentiment among factory owners in the world’s second-largest economy, the readings for hi-tech manufacturing and equipment manufacturing were 53.9 and 52.9, respectively, two and one percentage points higher than the overall manufacturing PMI.