Huawei Denies Receiving $75 Billion From the Chinese Government

Huawei has been accused of having close ties with the Chinese government since the US-China trade ban fiasco started. The whole scenario has come to light again thanks to a recent post by the Wall Street Journal (WSJ). According to the US-based newspaper, the Chinese Tech Giant has been receiving ‘Special’ financial assistance by the communist government, due to which the support to its rivals has stunted.

In the piece, the WSJ claims that Huawei had access to as much as $75 billion in state support. The newspaper claims that the money has been granted to Huawei in various forms including tax breaks and grants.

Like other tech companies that operate in China, including those from abroad, Huawei receives some policy support from the Chinese government, but we have never received any additional or special treatment. Huawei’s external financing follows all market rules, and our cost of debt aligns with market standards.