Huawei, one of the world's largest telecom equipment makers¹, will endeavor to push its sales revenue up to 150 billion dollars by 2020, higher than the GDP of countries like Spain and South Korea, Huawei founder² and CEO Ren Zhengfei raised the ambitious target at the National Conference of Science and Technology Innovation on Monday.

 

华为创始人兼董事长任正非周一在全国科技创新大会上设立一个野心勃勃的目标：华为将在2020年前努力将销售额提高到1500亿美元，这一数字甚至高于像西班牙与韩国这样国家的GDP。

 

The Shenzhen-based company Huawei has overtaken Apple as the top smart phone seller in China in the first quarter this year, and now it's the world's third largest smart phone brand.

 

Ren said Huawei had already made great strides into a "No Man's Land" for technological³ development, while underlining the importance of innovation in the next decades.

 

He added that in this place, where they have to guide themselves in their endeavors, Huawei, as a leading telecommunication⁴ company, will face up to the challenges and keep innovating⁵.

 

According to Ren, currently Huawei has more than 80,000 research personnel and has long been committing over 10 percent of sales revenue to research and development. Last year, Huawei's research budget stood at 9.2 billion dollars. They plan to further raise it to between 10 and 20 billion, going forward.

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