Huawei calls charge of government help 'hogwash'

17.06.2011

"Chairman Hochberg stands by his assertion that a $30 billion line of credit from the Chinese Development Bank -- used as buyer financing -- has undoubtedly contributed to Huawei's growth. Financial backing of this magnitude creates options and opportunities that may not otherwise exist," the bank said in a statement attributed to Ex-Im Bank Vice President Maura Policelli.

Huawei from the U.S. government over alleged security and competition issues.

The IDG News Service