HUAWEI. The Huawei logo appears on a Huawei portable wifi device in Beijing on June 29, 2019. Photo by Nicolas Asfouri/AFP
Huawei's annual reports and public records show that it has received hundreds of millions of dollars in grants, heavily subsidised land to build facilities and apartments for loyal employees, bonuses to top engineers, and massive state loans to international customers to fund purchases of Huawei products.
Over the past 10 years, Huawei has received 11 billion yuan in grants, according to its annual reports. The city also sold bargain-rate lakeside land to the firm to build upwards of 20,000 employee apartments around its campus in a series of engineered auctions producing a single bidder: a Huawei subsidiary.
Outside China, the country's state policy banks have provided financing to boost Huawei's sales to the developing world – at times leaving the state on the hook when risky loans go bad. Brazilian telecom firm Telemar Norte Leste obtained a $500 million CDB loan in 2009 with a two-year grace period on principal payments at a well-below-market interest rate to buy Huawei gear.
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