Under the effect of the sanctions, the Chinese telecoms giant Huawei announced on Friday a turnover for 2021 down by almost a third over one year.

US sanctions, which have notably cut the company off from global component supply chains, have plunged its smartphone branch into uncertainty. The group achieved between January and December a turnover of 634 billion yuan (87.4 billion euros), said in a New Year message its chairman, Guo Ping. A year earlier in this period, Huawei had sold 891.4 billion yuan worth of goods and services. The drop is thus 29%. Huawei has been at the center of the Sino-American rivalry for several years, against the backdrop of a trade and technology war between the two leading world powers.