Chinese investors monitor stock prices at a brokerage house in Beijing on May 10, 2019. Photo Associated Press

Rare earth, telecom stocks lift up China markets after Xi, Huawei boost

  • President Xi Jinping visited JL Mag Rare-Earth, a producer based in the southeastern province of Jiangxi, on Monday
  • One rare earth stock surged 108 per cent in Hong Kong
Topic |   Stocks

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Chinese investors monitor stock prices at a brokerage house in Beijing on May 10, 2019. Photo Associated Press
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Ren Zhengfei, founder and CEO of Huawei, said US trade restrictions have no impact on the Chinese tech giant’s 5G plans. Photo: AP

Huawei founder Ren Zhengfei says clash with the US was ‘inevitable’

  • Huawei CEO said he foresaw the confrontation with Washington because its aim to be global leader threatened US interests
  • Ren Zhengfei said US trade restrictions have no impact on Huawei’s 5G plans as rivals cannot catch up within two to three years
Topic |   US-China tech war

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Ren Zhengfei, founder and CEO of Huawei, said US trade restrictions have no impact on the Chinese tech giant’s 5G plans. Photo: AP
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