China's Huawei sees 32 percent jump in 2016 revenue

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The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for telecoms equipment, forecasts revenue will reach 520 billion yuan ($74.8 billion), said Eric Xu, Huawei rotating chief executive.

(Reporting by Anne Marie Roantree; Editing by Edwina Gibbs)