Xi-Trump meeting a welcome relief for Huawei

One of the most encouraging signs that emerged from the meeting between President Xi Jinping and US President Donald Trump on the sidelines of the G20 Summit in Osaka on Saturday was the softening of Trump's stance on the sanctions the US administration had imposed on Chinese telecommunications equipment provider Huawei. Trump said US companies can continue selling telecom components to Huawei.

If US companies indeed continue selling telecom components to Huawei, it will come as a big relief to the world at a time when the international community fears the "technology decoupling" of world's largest and second-largest economies could undermine global technological development, especially the commercialization of 5G technology, in which Huawei is a leading global player.

Previously the US administration was reportedly mulling banning 5G telecom equipment designed and manufactured in China, including those made by multinational companies such as Ericsson and Nokia, from the US market.