Huawei's CEO tells CNBC the company can withstand pressure from US

Huawei CEO Ren Zhengfei plays down the impact of the U.S. ban on the company in an exclusive CNBC interview. Huawei projected this week that revenues will be about $30 billion less than expected because of the ban. Ren tells CNBC he is not concerned with the revised projections because the company will still book more than $100 billion in revenue this year. Ren also says the company's business is still strong in China.