China's Huawei says targeting 7 pct profit margin

HONG KONG, March 31 (Reuters) - Chinese telecom equipment

and smartphone maker Huawei Technologies Co Ltd said on

Friday it is targeting a net profit margin of 7 percent going

forward, adding that its carrier business growth rate will slow

in 2017.

Huawei Chief Executive Eric Xu was speaking on Friday after

the company said that net profit edged up just 0.4 percent last

year, its slowest annual growth since 2011.

(Reporting by Sijia Jiang; Editing by Anne Marie Roantree)