American business leaders should be cautious about Chinese investments, warned Secretary of State Antony Blinken. Blinken sounded the alarm on Tuesday while speaking at The Wall Street Journal’s CEO Council Summit. “There is no distinction between a so-called private enterprise and the state,” he said. “If a private Chinese enterprise makes the investment, the state…
Blinken Says US Business Leaders Should Be ‘On Guard’ About Chinese Investments
December 8, 2021
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Antony BlinkenChinaChinese Communist PartyChinese RegimeHuaweiInfiltrating the Westinternational orderSpecial TopicsThreat from Communist ChinaUS-China relations
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Taxpayers Should Not Compensate Telecoms if Huawei Banned: Tories
The Conservatives are calling on the federal government not to compensate Canada’s large telecom corporations with taxpayer money for choosing to install Huawei’s equipment for their next-generation 5G networks if the Liberals go ahead with a ban on Huawei 5G. “Canadians should not have to pay for the Trudeau government’s failure to make the right…
Tory MPs Call on Liberal Government to Ban Huawei
Conservative MPs issued a joint statement calling on Prime Minister Justin Trudeau and his government to ban China’s Huawei from Canada’s next-generation 5G internet and telephone infrastructure due to national security concerns. Ed Fast, Tory’s critic for innovation, science and industry, Raquel Dancho, critic for public safety, and Pierre Paul-Hus, critic for public services and…
Tory MPs Call on Liberal Government to Ban Huawei From 5G Network
Conservative MPs issued a joint statement calling on Prime Minister Justin Trudeau and his government to ban China’s Huawei from Canada’s next-generation 5G internet and telephone infrastructure due to national security concerns. Ed Fast, Tory’s critic for innovation, science and industry, Raquel Dancho, critic for public safety, and Pierre Paul-Hus, critic for public services and…
Shenzhen’s Sinking Industrial Profits Are a Bellwether for Other Parts of China: Economists
November 15, 2021
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ChinaChina Business & Economychina's economic policyDigital economyelectronic manufacturingHuaweiShenzhen
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The southeastern Chinese city of Shenzhen—known as a national leader in economic development—has seen its industrial profits plunge during the year. Monthly data from the Shenzhen Bureau of Statistics reveal the city’s industrial enterprises profits fell by 50.4 percent in July compared to June, a 40 percent drop from last July. August saw a fall…
Canada Has No Choice but to Bar Huawei From 5G Mobile Networks, Security Experts Say
OTTAWA—As the Liberal government prepares to unfurl its policy on next-generation mobile networks, global security experts say all signs point to the exclusion of Chinese vendor Huawei Technologies from the long-awaited blueprint. The development of 5G, or fifth-generation, networks will give people speedier online connections and provide vast data capacity to meet ravenous demand as…
Biden Signs Law Tightening Restrictions on Huawei, ZTE, to Protect US Telecom Systems
President Joe Biden on Thursday signed into law the “Secure Equipment Act of 2021” to protect U.S. telecommunication systems by restricting companies that pose a national security threat—such as Chinese state-backed firms Huawei and ZTE—from receiving new equipment licenses from U.S. regulators. The measure, H.R. 3919, was approved unanimously by the Senate on Oct. 28 and earlier…
Champagne Says Canada Only Wants ‘Trusted’ AI Partners as Huawei Decision Looms
Industry Minister Francois-Philippe Champagne says Canada only wants to deal with “trusted partners” in future artificial intelligence ventures. Champagne’s comments to The Canadian Press send a strong signal that the Canadian rejection of Chinese telecommunications giant Huawei as a 5G provider is at hand. The federal government has long delayed a decision on the companies that…
Huawei Revenue Slides in Q3 as Smartphone Business Remains Crippled
SHENZHEN, China—Revenue of China’s Huawei Technologies Co. Ltd. plummeted 38 percent in the third quarter compared to the same period a year earlier, with U.S. sanctions having hobbled its smartphone business and new potential growth areas still in their infancy. The Chinese telecoms giant posted revenue of 455.8 billion yuan ($71.32 billion) for the first…
Senate Passes Bill to Further Restrict Huawei, ZTE, Foreign Threats From US Telecom Network
The Senate on Thursday voted unanimously to pass a bill that would prevent companies deemed as security threats—such as Chinese state-backed firms Huawei and ZTE—from being granted new equipment licenses from U.S. regulators. Specifically, the Secure Equipment Act of 2021 would prohibit the Federal Communications Commission (FCC) from both reviewing and issuing new equipment licenses to companies on…
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