Earlier this week, a Huawei executive stated that the company is going to continue to create more jobs in countries apart from its home nation and will raise its investments and workforce in overseas markets.
According to a ChinaDaily report, Yan Lida, Director of the board and senior vice president of Huawei said that the company has been investing in countries like Canada for more than a decade now, to help sustain its local economy through its employment efforts. At the moment, the Chinese tech giant is one of the largest corporate investors in the region and employs over 1,200 people. Furthermore, the company has even created over 5,000 indirect jobs as well.
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So, the senior official mentioned that Huawei will continue to raise its investments and employment in the country. The statement was issued by Yan during a panel discussion on “Investment in Canada” at the Canada China Business Council’s 42nd Annual General Meeting Business Forum, which was held in Beijing, China. However, despite this, Yan also warned of potential risks in companies investing in Canada as the Chinese companies must now take proper safeguards due to the growing challenges in the global business environment.
Dace Murphy, consul general of Canada in Shanghai, said that Canada remains to be one of the important destinations of outbound investments for Chinese investors, even during the many challenges being faced during the Coronavirus pandemic. Additionally, Murphy stated that “It has been a difficult year for all of us as the COVID-19 pandemic has significantly impacted the global economy … China’s situation is different from others as it is recovering rapidly after the difficulties during the first few months of this year.”
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