The European Union is reportedly looking into measures that would ban Huawei from participating in the trading bloc’s next-generation mobile networks, several senior EU officials told Reuters. The talks are still at the early stages, the sources added, and it’s not clear how feasible such a policy would be across the EU’s member states. However, that […]
Author: Timothy Ang
Lawmakers in Beijing have fast-tracked the approval of a proposed law to reform foreign investment rules, but vague language and a failure to address major contentions have left overseas businesses frustrated, the Wall Street Journal reports. The standing committee of the State Council reviewed the bill this week and said it will be voted on […]
Chinese factories had a slow start to 2019, according to a key monthly index, signalling that the economy lost more momentum and will likely slow further in coming months. The official manufacturing Purchasing Managers’ Index ticked up to 49.5 from 49.4 in January, marginally exceeding market expectations of 49.3, but is still hovering above a […]
US Treasury Secretary Steven Mnuchin said that the recent court case against telecommunications company Huawei should not be “confused” with the high-level trade negotiations between US and Chinese officials due to start on Wednesday, as tensions between the two countries remain on edge. “You can easily separate these issues,” said Mnuchin, according to Financial Times reports. “We […]
Chinese telecommunications firm Huawei has issued a statement denying all charges made by US authorities in two indictments made public Monday, Caixin reports. “The company denies that it or its subsidiary or affiliate have committed any of the asserted violations of US law set forth in each of the indictments,” the statement read. The two indictments accuse […]