China: Huawei announces £3b UK procurement plan

07 Feb, 2018: Huawei will procure a total of £3 billion in the UK over the next five years, it has announced after a meeting with British Prime Minister Theresa May in Beijing. Huawei has committed to £3 billion in procurement over the next five years in the United Kingdom, saying it will assist local companies increase their exports to China. According to Huawei, the deal, announced by Huawei chair Sun Yafang following a meeting with Prime Minister Theresa May in Beijing last week, demonstrates the Chinese tech giant's "long-term commitment to the UK".