Huawei, one of the world's leading telecoms equipment makers, expects continued rapid growth this year while most of its rivals are shrinking, partly by offering customers Chinese state bank loans to fund purchases.
Huawei executives said yesterday that multi-billion- dollar credit lines from China's state banks, long believed to be one of the secrets behind the company's success, were not for itself but for its customers.
Huawei was “acting as a bridge” between telecoms operators and Chinese lenders, the executives said.
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