Chinese surveillance giants' stocks dive on US blacklist report

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Shares in two top Chinese surveillance firms plunged Wednesday following reports Washington is considering banning them from buying US components, ...

BEIJING: Shares in two top Chinese surveillance firms plunged Wednesday following reports Washington is considering banning them from buying US components, just as the blacklisting of telecoms giant Huawei fanned their escalating tech war.

The Uighur ethnic minority make up almost half of the region's 23-million-strong population and have been targeted with pervasive surveillance from cameras like those made by Hikvision, among other draconian security measures, following a flare-up in violence in 2014.Chinese authorities have placed an estimated one million mostly Muslim ethnic minorities including Uighurs in internment camps, which Chinese authorities downplay as"vocational education centres".

"We have taken note of The New York Times' report this morning and hope our company receives fair and just treatment," said Hikvision board secretary Huang Fanghong.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Were I an employer, I would hire Taiwanese or Hongkong worker for they are really and professionals and skilled at their fields. China only exports low skilled workers so that their government doesn't get overwhelmed by their existence in their own country.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese electric-bus maker completes US$20m investment in Dragon Group unitSTRUGGLING electronics engineering firm Dragon Group International said on Monday night that Chinese electric-bus manufacturer Zhuhai Yinlong Energy (YLE) has completed its US$20 million share subscription in Dragon’s unit EoCell as of May 20. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Blacklist mess: Huawei's US$105 billion business at stake after US broadsideThe latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US business debt a 'moderate' economic risk: US Fed's PowellWASHINGTON: The American private sector's mounting debts pose a 'moderate' risk to the world's largest economy, Federal Reserve Chairman Jerome ... High debt = High risk. USA have very high debt. Very high risk.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Huawei's US$105 billion business at stake after US broadsideHONG KONG/BEIJING: The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »