Does Chinese investment benefit or damage Ireland?

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Ireland is home to 40 Chinese firms, which some critics say harms the country's reputation.

Back in May, Irish Minister Dara Calleary helped Huawei celebrate 20 years of doing business in the country

The Irish government is also in the diplomatically awkward position of luring many of the very Chinese companies that the US has sanctioned.celebrating how Huawei was contributing €800m per year to the Irish economy. The firm has three research and development centres in Ireland.The UK has moved in the same direction, ordering phone networks to remove Huawei components. And mobile phone networks in many Western nations, including Ireland, no longer offer Huawei handsets.

He points to a US Congress report from last year, which said there was “an extremely high risk that Temu’s supply chains are“One person’s bargain is another’s back-breaking work for poverty wages,” adds Mr Andrews, whose party is part of the current Irish government coalition. “Ireland’s economy has been running at near full employment for the best part of a decade," says Dan O'Brien, chief economist at Ireland's Institute of International and European Affairs.

Irish Minister for Enterprise, Trade and Employment, Peter Burke adds: “In an era of continuous global uncertainty, Ireland offers a stable and pro-business environment. Multinational companies, including Chinese companies, recognise these opportunities.”

 

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