Chinese telecom giant Huawei said on Dec. 31 its annual revenue is expected to have declined nearly 30 percent in 2021, as the company continued to be weighed by U.S. sanctions. Revenue is expected to hit 634 billion yuan ($99 billion) for 2021, the company said on Friday. The figure represented a 29 percent drop compared with the 891.4 billion yuan ($140 billion) in 2020. Huawei’s rotating chairman Guo Ping disclosed the slide in a New Year letter to employees on Friday, but Guo added the company’s overall performance was “in line with their forecasts.” Huawei, once the world’s largest maker of telecom gear and second-largest smartphone maker, was battered by U.S. sanctions that barred the company from using Alphabet Inc.’s Android for its new smartphones, among other critical U.S.-origin technology. The company has come under intensifying scrutiny in the United States over concerns that its products could be used …