A flurry of negative headlines has thrust Huawei’s public relations team into overdrive.
On Tuesday, Huawei Chairman Liang Hua, told world leaders gathered in Davos that his company could shift away from Western countries if it continues to face restrictions.
Liang also told reporters at the World Economic Forum (WEF) that Huawei follows regulations wherever it operates.
When asked whether it was possible for China to abruptly divert money away from Silicon Valley, John Zhao, founder and chief executive of Hony Capital, replied: “By numbers, that seems to be the case.”
“But it really suggests something that is much deeper than the number has started to show. First of all, it shows the interdependency that the world has built with each other … But it also suggests that while there are some short-term pains to be resolved, we need to have a long-term view,” Zhao said, while speaking to CNBC’s Nancy Hungerford in Davos on Wednesday.