China's CCTV features Daily Show report on Huawei lead in 5G

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Several U.S. chipmakers, including Intel and Qualcomm, have suspended shipments to Huawei, while Google has banned Ren's company from using its Android operating system on future devices.

The Trump administration's demand for the Chinese regime to implement structural reforms, which propelled it to launch the trade war with China last March, has been a sticking point during trade negotiations. The United States accuses Huawei of espionage in cooperation with the Chinese state, although there is no public evidence for that.

The Chinese regime reportedly backtracked on a pledge to change its laws to address core US concerns including theft of USA intellectual property, forced technology transfer, and currency manipulation.

Trump, who is visiting Japan, said earlier Monday that Washington was not ready to make a trade deal with Beijing.

China is seeking to retaliate to US sanctions, which aim to redefine and restrict the economic activity of Chinese owned companies within the USA, amongst them Huawei, grounded on fears that the Chinese state may utilize the reach of Chinese enterprise to spy on US technological and military activities. "Despite this, we are open to parts from outside the company".

The Chinese telecom company is now on a black list, as a result of which American companies are no longer allowed to do business with Huawei.

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A commentary published by the official Xinhua News Agency accused the US of "scapegoating" China for its trade imbalance and even some domestic economic issues, as Chinese state media urges unified resistance to foreign pressure.

In fact, the company manufactured around 40% of the world's consumer electronics in 2012, meaning it would be a heavy blow to USA companies to lose this business.

We will also be impacted by Huawei's potential inability to continue supporting United States apps and operating systems.

The spokesman said that China's position has "remained consistent".

"It will be bad for South Africa, especially via the financial markets", he said.