BEIJING: Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite US sanctions that threaten to disrupt its smartphone and network equipment businesses.

Huawei Technologies Ltd. said its sales rose 24.4 per cent in the first nine months of 2019 to 610.8 billion yuan ($86 billion). That was faster than the 23.2pc gain reported for the first half.

The announcement followed US-Chinese trade talks in Washington that ended Friday with no word of progress on resolving Huawei’s status.

The Trump administration, which accuses Huawei of being a security risk, imposed curbs in May on its access to US technology and components including Google’s music, maps and other smartphone services.

Published in Dawn, October 17th, 2019