China Again Protests US Treatment of Huawei

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By Douglas A. McIntyre Updated Published
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China Again Protests US Treatment of Huawei

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China has offered another protest of a U.S. ban on products from China telecom equipment company Huawei. In its latest objection, the central government argues America is not open to competition in the technology sector. Obviously, the argument makes no mention of the role Huawei may have in helping the Chinese government to gain access to telecom networks around the world.

In an op-ed piece in the government-backed People’s Daily, an author wrote:

The US administration later placed Huawei on the “Entity List”, forcing many American companies to cut supplies for the Chinese tech firm. Through the “presumption of denial”, it exerted extreme pressure on Huawei by national power, and even requested relevant enterprises to contain the latter. Such practice is totally unreasonable and overbearing.

As a major technological and economic power in the world, the US should have understood the law of technological development and the benefit of market competition. However, the US politicians, ignoring such common sense on purpose, have made frequent attempts to interfere with technological cooperation and market competition.

They resort to “national security” because they couldn’t find better excuses, which indicated the fragility of the largest tech power whose “national security” is opposed to threats so easily.

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In short, U.S. companies cannot compete with Huawei, so the American government will block its access to its markets, and lobby its allies to do so as well.

Depending on the source, experts believe that a lack of access to U.S. markets will either do little harm to Huawei, or may wreck it financially. Either way, the new argument from the Chinese government will not get it anywhere.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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