The fallout of diplomatic relations between China and western nations is affecting the business sector. One year after a long legal battle with executive Meng Wanzhou of Huawei, Canada has now banned the company from being a part of the 5G network in the country. The ban is also applicable to ZTE, another well-known Chinese ...
The Swedish government has banned Chinese companies Huawei and ZTE from participating in establishing 5G networks in the country. The announcement was made by Swedish telecom authority PTS ahead of the county’s spectrum auction due sometime in November. Huawei’s business in Sweden was around 9.3 percent of the local market share as of September 2020. ...
Mike Waltz, a member of the U.S. House of Representatives, has warned against funding the Chinese military through the retirement fund of American soldiers. A pool of about US$50 billion dollars belonging to the U.S. military personnel retirement fund will be invested in an index that includes companies from China that may be engaged in ...
The worldwide trail of destruction that comes with the spread of the Chinese Communist Party (CCP) virus has forced countries to re-examine wholesale their relationships with the CCP regime. The United States is no exception, especially Wall Street. Courtesy of the regime, the entire world, overnight, fell into the devastating grip of the communist-level lockdown: ...
In a speech at the Hudson Institute, U.S. Senator Tom Cotton warned that China was building a new evil empire that could one day become a global world order. He had earlier spoken for strict actions against Chinese firms like Huawei and ZTE because of their connections with the Chinese Communist Party (CCP). Evil empire ...
Venezuela has adopted China’s Social Credit System, which is an example of what happens when an authoritarian government gets tech savvy. The system basically puts the entire billion-plus population of China under government control, with officials determining which citizens should be given loans, train passes, special privileges, and so on. Citizens who have negative scores ...
One of China’s biggest corporations, ZTE, is now embroiled in what is essentially the biggest embarrassment for a Chinese business operating in the United States. The telecommunications company has been charged with multiple accounts of fraudulent and unethical business practices in the ZTE scandal. The ZTE scandal ZTE supposedly agreed to U.S. sanctions against Iran ...
On April 16, 2018, the U.S. Department of Commerce’s Bureau of Industry and Security issued a ban on the Chinese company Zhongxing Telecommunications Equipment Corporation (ZTE), and collectively other companies of ZTE, stating that no American companies are allowed to sell or deal with the Chinese company for a period of seven years. According to ...
China is feeling the shock after ZTE, the second-largest Chinese phone manufacturer, has been banned for 7 years from buying U.S. produced telecommunication parts. This news has even caused a stir in Zhongnanhai, the Chinese National Administration Office in charge of the central government. Chinese President Xi Jingping commented on ZTE’s importance, stating that their “core technology ...
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