Posted on 04/29/2018 2:43:20 AM PDT by TigerLikesRooster
China tries to contain fallout from sanction-busting scandal
Smartphone giant Huawei is the latest tech giant under investigation after ZTE ban
By GORDON WATTS APRIL 26, 2018 8:46 PM (UTC+8)
Cybersecurity, cutting-edge technology and chips. This curious mix has taken the trade row between China and the United States to a whole new level.
Just days after telecom titan ZTE was hit by new US sanctions in the ongoing Iran and North Korea export scandal, smartphone giant Huawei faces similar accusations.
At the heart of the dispute are US-made components, which are crucial to the operating systems in a range of smartphones, laptops and other vital telecom equipment.
Yet the news of the Huawei investigation appeared to come as no surprise to the State-owned Assets Supervision and Administration Commission, or SASAC, which regulates China’s state-owned enterprises.
In a rare, blistering attack by the government-backed body, it branded ZTE, whose largest shareholder is a state-owned conglomerate linked to China Aerospace Science & Industry Corporation, as “stupid and passive” for tarnishing the country’s global image.
“Many domestic enterprises are paying a terrible price for ZTE’s short-sightedness and dishonesty,” the SASAC internal report, which was dated April 20, stated. “Our country’s diplomatic layout and image will inevitably be affected.”
Two days later, it appeared briefly on the Chinese news portal Sina before the article was quickly deleted, according to the Quartz online news site, which is part of the Atlantic Media Group that owns the influential magazine, The Atlantic.
(Excerpt) Read more at atimes.com ...
P!
Scratch Huawei, find an old Nortel logo underneath?
I heard Huawei is a Party line to the Chinese Communist Party with everything you say and do ,LOL
...the news of the Huawei investigation appeared to come as no surprise to the State-owned Assets Supervision and Administration Commission, or SASAC, which regulates China’s state-owned enterprises. In a rare, blistering attack by the government-backed body, it branded ZTE, whose largest shareholder is a state-owned conglomerate linked to China Aerospace Science & Industry Corporation, as “stupid and passive” for tarnishing the country’s global image. “Many domestic enterprises are paying a terrible price for ZTE’s short-sightedness and dishonesty,” the SASAC internal report, which was dated April 20, stated. “Our country’s diplomatic layout and image will inevitably be affected.”
Gosh, it's almost as if the political appointees at SASAC aren't really competent in the first place. Thanks TigerLikesRooster.
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