Huawei forecasts $70b in revenue

Chinese telecom giant Huawei Technologies Co Ltd reassured worldwide analysts that it will maintain fast and stable growth in the coming years, despite facing a lot of uncertainty in the North American market.

Huawei said revenue should rise by 10 percent year-on-year and hit $70 billion by 2018, according to Chen Fanchang, vice-president of Huawei's accounting department.

Chen made the remarks during an analysts' conference on Wednesday in Shenzhen, where the company is headquartered.