Huawei says 'survival is our first priority' in 2020 as western boycott bites

Chairman Eric Xu warns that hit from US sanctions means telecoms firm must ‘go all out’ to maintain sales

The embattled Chinese telecommunications company Huawei says “survival” is its first priority after announcing sales were hit hard by a boycott from western countries.

Eric Xu, the company’s chairman, said estimated sales revenue would reach 850bn yuan for 2019 (US$121bn) - up roughly 18% from the previous year, but much lower than initially expected.