OpenCalais Metadata: Ticker
Chinese telecoms equipment maker Huawei on Wednesday welcomed the European Union's 5G guidelines that are likely to limit its business in Europe, but which fall short of a US call for a total ban.
"This non-biased and fact-based approach towards 5G security allows Europe to have a more secure and faster 5G network," Huawei said in a statement.
The Chinese telecommunications leader Huawei topped the list of most valuable digital products brands in China for 2019 once again.
The company's brand is valued at 125 billion yuan ($ 17.8 billion), up 14% year-on-year. Xiaomi and Honor smartphone producers are ranked "second and third respectively"
The list published by the Hurun Research Institute in December.
The US Ambassador in Bucharest "spoke badly about the Chinese 5G technology without any reason at all," said the Chinese Embassy's spokesman in Bucharest, Tang Fujian, in a statement released on Tuesday.