Huawei Technologies warns of “serious challenges” in 2022 amid an uncertain business environment, a “politicization of technology” and further “deglobalization”. She also reveals plans to streamline the decision-making processes in their local offices over the next year to give these institutions more autonomy.

The Chinese technology provider expects to end the year with sales of 634 billion yuan (99.45 billion US dollars), down 28.88% from 891.4 billion yuan in 2020. The wireless business has remained “stable” and The business unit has grown, said Huawei rotating chairman Guo Ping, in his New Year’s message to employees on Friday.

He added that digital transformation has become a major engine of growth in global economies and there are new opportunities in green and low-carbon technologies, but warned of uncertainties in the coming year.

“An unpredictable business …

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