China's Huawei reports nearly $100 billion in sales and claims it has overcome the 'siege' of US sanctions

• Huawei has defied sales expectations this year 
• The Shenzhen-based tech giant said it expects to bring in more than $98.5 billion in revenue in 2023.
• The release of Huawei's 5G smartphone in August cause concern in Washington

Chinese tech giant Huawei has said it expects to deliver more than $98.5 billion (700 billion yuan) in sales revenue this year, according to a new year message issued by the company.

The numbers mark a 9% jump in sales, signaling that US sanctions and competition from Apple in China have not held Huawei back for long.