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addressed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi
ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need to
know the details” of how the promises would be delivered, Overholt said.
Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec
hanism for international agreements, to make sure governments at all levels operate in well-regulated wa
ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.
ranking in fourth place following Samsung, Google’s parent Alphabet and Amazon. Data als
o showed the company took 14 percent of its annual sales on research last year, the second-highest after Alphabet.
Huawei’s R&D spending totaled 480 billion yuan ($71.3 billion) over the past 10 years, ac
cording to its annual report. Besides, the tech behemoth achieved 721.2 billion yuan in global sales in 2018, a 19.5
percent increase year-on-year, and net profit reached 59.3 billion yuan, up 25.1 percent compared with a year earlier.
Smartphone sales from the company gained 348.9 billion yuan las
t year, a 45.1 percent rise year-on-year accounting for 48.4 percent of total revenue.
As of April 15, Huawei has secured 40 commercial contracts for 5G equipment and shi
pped over 70,000 5G base stations, the company announced at its annual Global Analyst Summit.
prisonment, civil assault and battery, as well as sexual assault or batter
y, seeking damages in excess of $50,000, according to a report from Reuters.
The court filing said JD is “vicariously liable” for Liu’s behavior as his alleged actions happened while
he was “seemingly” at work-related activities, and the assault and battery began in the presence of two other JD employees.
“We have not yet reviewed the complaint and are not going to comment on pending litigation, but based on the Hennepin County A
ttorney’s declination to charge a case against our client and our belief in his innocence, we feel strongly that this suit
is without merit and will vigorously defend against it,” Liu’s attorney Jill Brisbois said in a written statement.
Peter Walsh, an attorney for JD, said in a statement while it was not prepared to com
ment at this time, the company would vigorously fight against these “meritless claims”.