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		</div><p>Chinese tech giant Huawei said its sales rose by a lower-than-projected 18% in 2019 and predicted tough times ahead as the US moves to restrict its business.</p>
<p>The flash sales estimate came in an annual New Year’s message to employees.</p>
<p>Chairman Eric Xu warned that mediocre managers would face demotion as the telecom giant and leader in 5G mobile technology focuses on survival.</p>
<p><em>“It’s going to be a difficult year for us,”</em> he wrote, calling on the company’s more than 190,000 employees “to work hard and go the extra mile to bring their capabilities to a new level”.</p>
<p>https://twitter.com/Huawei/status/1211819211699261440</p>
<p>No-one is predicting Huawei’s demise. The unlisted company, a major maker of both mobile transmission equipment and handsets, estimated 2019 sales would rise to more than 850 billion yuan (£91 billion).</p>
<p><em>“These figures are lower than our initial projections, yet business remains solid and we stand strong in the face of adversity,”</em> Mr Xu wrote in the letter, which was released to the AP and other media.</p>
<p>Huawei, based in the tech hub of Shenzhen in southern China, typically releases its official and audited annual financial results in March.</p>
<p>The US government says Huawei technology poses a security risk and has urged other countries not to buy its 5G mobile network equipment.</p>
<p>It has also put Huawei on its entity list, blocking US technology sales to the company. Huawei denies the allegation.</p>
<p>Calling difficulty the prelude to greater success, Mr Xu said America’s “strategic and long-term” campaign against Huawei is an opportunity to build up some muscle and build capabilities to navigate future challenges.</p>
<p>He wrote:<em> “Despite concerted efforts by the US government to keep us down, we’ve made it out the other side and continue to create value for our customers.”</em></p>
<p>The five-page letter exhorts employees to hone their skills and rid themselves of complacency.</p>
<p>Saying that survival is the company’s top priority, Mr Xu warns that mediocre managers “who have lost their enterprising spirit” will be removed faster than before.</p>
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