British Parliament Report Urged to Early Remove Huawei Equipment as China Injected Nearly 600 Billion to Huawei for 3 Years
The Defence Committee of the British Parliament indicated today (8th October) that there was clear evidence showing Huawei, China Telecom Equipment Manufacturer, colluded with the Chinese government, and that the Chinese government injected 75 billion USD (5,85 billion HKD) to assist in Huawei expanding. China suggested that England accelerate its pace for completing the removal of Huawei equipment by 2025. The spokesperson of Huawei indicated that the report from the committee was not reliable as the content was not the truth.
Accusation on Huawei of Being Funded by the Chinese authorities, to Sell Equipment at Low Prices to Seize the Market
According to Reuters, the Defence Committee of the British Parliament had a meeting today, indicated that there was clear evidence to show Huawei colluded with the Chinese government and urged that England should remove all the Huawei equipment early. The committee stated that the western countries urgently needed to unite and balance China’s technological advantages, as well as removing all the Huawei equipment by 2025, two years earlier than the originally scheduled date in 2027.
According to the BBC, the Parliament report quoted from a venture investor that he knew the Chinese government injected 750 billion USD for helping the expansion of Huawei within three years. Because of having state funding, they could sell the telecommunications equipment to countries at low prices. A scholar, who specializes in corporate misconduct, stated in the report that Huawei had been engaging in various intelligence, security, and intellectual property activities, but Huawei has always denied it. The report also stated that England did not have to fall into hysterical anti-China, but changing policy was perhaps required.
Source from: Stand News #Oct08
https://bit.ly/3m5Jmh2
#England #Huawei #CCPChina #telecommunicationequipment #UKparliament #DefenceCommittee
The Defence Committee of the British Parliament indicated today (8th October) that there was clear evidence showing Huawei, China Telecom Equipment Manufacturer, colluded with the Chinese government, and that the Chinese government injected 75 billion USD (5,85 billion HKD) to assist in Huawei expanding. China suggested that England accelerate its pace for completing the removal of Huawei equipment by 2025. The spokesperson of Huawei indicated that the report from the committee was not reliable as the content was not the truth.
Accusation on Huawei of Being Funded by the Chinese authorities, to Sell Equipment at Low Prices to Seize the Market
According to Reuters, the Defence Committee of the British Parliament had a meeting today, indicated that there was clear evidence to show Huawei colluded with the Chinese government and urged that England should remove all the Huawei equipment early. The committee stated that the western countries urgently needed to unite and balance China’s technological advantages, as well as removing all the Huawei equipment by 2025, two years earlier than the originally scheduled date in 2027.
According to the BBC, the Parliament report quoted from a venture investor that he knew the Chinese government injected 750 billion USD for helping the expansion of Huawei within three years. Because of having state funding, they could sell the telecommunications equipment to countries at low prices. A scholar, who specializes in corporate misconduct, stated in the report that Huawei had been engaging in various intelligence, security, and intellectual property activities, but Huawei has always denied it. The report also stated that England did not have to fall into hysterical anti-China, but changing policy was perhaps required.
Source from: Stand News #Oct08
https://bit.ly/3m5Jmh2
#England #Huawei #CCPChina #telecommunicationequipment #UKparliament #DefenceCommittee