Huawei May 'Put the U.S. Aside,' but Chinese Money Is Flooding Into America

Amid increasing U.S.-China trade friction, “it’s a good strategy to put the U.S. aside for later exploration,” Ren Zhengfei, Huawei Technologies’ founder and chief executive, told French media recently, reported the China Daily on Dec. 5. His company already has more than 1,700 employees in the U.S. and does more than $1 billion in annual sales.

But even as Huawei makes headlines saying it will halt new investments in the U.S., Chinese companies still favor it, says a new report on Chinese overseas investment. “Despite political noise, North America is perceived as [an] easier [place] to do business,” said A Capital, a private equity fund based in Brussels and Beijing, on Dec. 3.