US easing trade restriction on Huawei bears little meaning: Founder Zhengfei

The U.S. government's temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei's founder Ren Zhengfei told state broadcaster CCTV on Tuesday in an interview.

He said that Huawei's 5G would not be affected and predicted that no other parties would be able to catch up with the company in 5G technology in the next 2-3 years, adding that the U.S. government was underestimating Huawei's capabilities.