US officials are pushing China to allow regular reviews to ensure Beijing fully implements any promised reforms agreed as part of a possible trade deal with Washington, multiple sources told Reuters. The US is wary that China would agree to structural reforms that it would then soft-pedal, and therefore Washington appears happy to leave the threat […]
Category: Politics & Society
Things are getting tougher for China’s flagship international telecommunications firm. Not only is the CEO’s daughter detained in Canada pending extradition to the United States, but Poland charged the country head of Huawei with espionage, Germany reconsidered allowing Huawei access to its 5G network rollout, the United States initiated a criminal probe into whether Huawei […]
Following on from reports this week that the US and German governments are pursuing laws to limit or outright ban involvement of Chinese telecoms giant Huawei in domestic markets, Canada is now also weighing up its options. Canada is in the process of studying the effects and influence of Huawei products such as its world-leading […]
China’s state-owned enterprises (SOEs) posted record high earnings for last year, despite economic pressures weighing heavily on private sector growth, the South China Morning Post reports. Government-owned companies took in RMB 29.1 trillion ($4.3 trillion) in 2018 – a 10.1% increase from 2017, according to official figures. Profits grew even faster by 15.7% compared with […]
Federal prosecutors are investigating the alleged theft of trade secrets from US businesses and partners, including smartphone-related technology, from T-Mobile’s US arm, sources told the Wall Street Journal. The latest lawsuit builds on a previous case in 2014 when T-Mobile was awarded $4.8 million after a court ruled Huawei guilty of covertly taking robotic technology, […]