[arista]

WION HD Gravitas Part 1
showed the Leak he did.

https://www.theguardian.com/technolo...zhengfei-china


[The founder of Huawei has delivered a
stark warning for the tech company’s future,
sparking alarm with the frankness
of his assessment and what it signals for
smaller businesses amid China’s
economic troubles and a global downturn.
In a leaked internal memo, Ren Zhengfei
told Huawei staff “the chill will be felt
by everyone”
and the company must focus
on profit over cashflow and
expansion if it is to survive the next three years,
indicating further job cuts and divestments.

“The next decade will be a very painful
historical period, as the
global economy continues to decline,”
Ren said, pointing to the pandemic
as well as the impact of the Ukraine war
and a “continued blockade” by the
US on some Chinese business.

“Huawei must reduce any overly optimistic
expectations for the future and until
2023 or even 2025, we must make survival
the most important guideline,
and not only survive but survive with quality.”

China’s economy is under pressure
from factors including pandemic restrictions,
a property industry crisis and
plummeting international relations.
The country is not expected to reach its
economic growth target of 5.5% this year.]



His (Ren Zhengfei)
Money Problems
will slow down growth.