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cation-equipme◆nt s
ed a growt■h of 55 percent in● its sales volum○e in 2008, from 1◆50 million U.S. dol○lars in the p○revious year. "◆We are expecti○ng a further ○growth of
ar◆ound 50 per◆cent this year," sai○d Mr. Yang Hua, pres●ident of the co■mpany, in a recent ○interview with Xi■nhua. A latest In●ternational Moneta◆ry Fund report◆ projected that ■the global gr●owth will fall to 0●.5 percent in 200○9, its lowest 〓rate since Wor■ld War II. The figur●e for 2008 i●s 3.4 percen○t down from the〓 previous ye〓ar's 5.2 per〓cent. Howeve●r, it seems ◆that Huawei is able〓 to escape the l●aw of gravi○ty. For Huaw〓ei Technolo■gies Co. LTD.●, Huawei P●hilippines's 〓parent compa■ny, t
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xcepti●on in the Ph◆ilippine market as w○ell as in ot●
he sa◆les volume reached ●23.3 billion 〓dollars in 2008, ■or 46 percent● higher than th●e previous y○ear's figure. The● parent company es●timates tha●t the sales volum○e will rise to 3■0 billion dollar〓 this year. St■arting its pr●esence here○ in 1999, the com〓pany has become ■a leading e〓quipment suppli◆er during less ●than ten yea●rs in the telecommu●nications market o●f the Phil●ippines. "We have es○ta
her parts ■of
blished par◆tnership with a◆lmost all the maj■or local players, i●ncluding DIG■ITEL, PLDT/Smart, Gl●obe and Bayan Tel◆ecommunications●," said Yang c◆onfidently. "At pre〓sent, Huawei ○equipment in the 〓local marke●
the world. Huawe■i
Technol
t can simultan●eously provi〓de service for mo○re than 20 m●illion users,"◆ he added. Ho〓wever, the executiv●e admitted that hi■s
company had ●also experience●d setbacks before b〓ecoming pop○ular. Sun Yafang, c〓hairwoman of ◆Huawei Tec
h■nologies, said■ in an email● to employees d●ated Jan 2 tha●t the compan■y's contract〓 sales amounted t◆o $
ogie◆s Philip
23.3 billion in 〓2008, with 75 perce●nt coming ○from overseas m〓arkets."Last ◆year, we maint●ained a so●lid and he●althy growth●," Sun said i●n the email. 〓She said Hu○awei's contract● sales are 〓expected to incr