Huawei holds summit as global pressure grows

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Huawei holds summit as global pressure grows
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The event comes after China's state media said HSBC played a role in the arrest of Huawei's finance chief.

On Friday, an article in China's official People’s Daily newspaper said HSBC had"framed” Huawei and played a role in the arrest of the company's finance chief Meng Wanzhou.

It also said “HSBC has no malice against Huawei, nor has it ‘framed’ Huawei”. In response, another Beijing-controlled newspaper, The Global Times, said:"Chinese observers called HSBC's statement 'not persuasive' at all". The campaign against Huawei by President Donald Trump's administration has led to the UK and Australia banning the company from building their 5G networks.

The companies were also told they must remove all of the Chinese firm's 5G kit from their networks by 2027.

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