'There will be conflict': US has underestimated Huawei, says founder

Ren Zhengfei says firm is fully prepared to face US bans and that 5G plans will be unaffected

The founder of Huawei has said the US "underestimates" the Chinese telecom makers's strength and that conflict with the US is inevitable in the quest to "stand on top of the world".

Ren Zhengfei said his company was fully prepared to face US bans on key components following new trade restrictions caused by Donald Trump's declaration of a national economic emergency last week