China’s Huawai criticizes US security complaints

Last year, only one-third of sales came from its home China market, according to Meng. Europe, the Middle East and Africa accounted for 35 percent of sales, while 17 percent of sales were in other Asia-Pacific markets and 15 percent from the Americas.

Meng said Huawei paid 12.5 billion yuan ($1.9 billion) in employee bonuses last year but said some top executives received no bonus because they failed to meet personal performance targets. She gave no other details.

Major carriers need to keep making long-term investments and are forecast to increase spending by about 5 percent this year, Meng said. She said that should help to insulate Huawei from swings in the global economy.

“It’s not as if people stop talking on the phone because the economy is weaker,” Meng said. “We will not be influenced too much by the economic downturn in our industry.”

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Huawei Technologies Ltd.: http://www.huawei.com

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