During press conference held in Italy on July 18th, Ren Zhengfei, Huawei CEO was asked by Fabio Savelli (an Italian reporter at The Evening Post ) about Facebook plans to issue a digital currency.
Fabio Savelli asked: We know that Facebook has announced that it will issue a digital currency based on blockchain , called “Libra Coin”. Do you think this is a US technology company to maintain the world domination with the US government? , do you think that when issuing digital currency, will they consider Chinese companies or put Chinese currency in their currency baskets?
And Ren Zhengfei answer was: China can also issue such a currency by itself. Why wait for others to issue it? The power of a country is always stronger than an Internet company.
This was published by the Chinese media outlet Sina.
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