90-day license bears little meaning: Huawei CEO

Huawei Founder and CEO Ren Zhengfei. Photo: AFP
Huawei Founder and CEO Ren Zhengfei. Photo: AFP

Following the United States’ temporary pullout of restrictions on China's telecommunication giant Huawei, its CEO Ren Zhengfei said the ninety-day temporary general licence for Huawei "bears little meaning," reports state-owned China Global Television Network (CGTN).

“Huawei is fully prepared,” Ren Zhengfei was quoted to have said on Tuesday.

Ren made the statement in a group interview with the China media group, adding that Huawei is grateful for US enterprises' contributions to them.

“What the US government intends to do is beyond our control, and for Huawei, what counts are to make sure the job is properly done,” Ren also told the CGTN reporters.

"We received entity control from the US a year ago, but this has no close bearing on US companies, US politicians are the ones to blame, and their actions underestimate our strength," Ren was also quoted to have said.

Confident, Ren predicted that no other parties would be able to catch up with the company in 5G technology in the next two to three years.