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UK says it can draw investment and defend values after Huawei row

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Britain can both remain a popular destination for foreign investment and stand up for its values, its business minister said on Tuesday after China warned that a dispute over tech firm Huawei could lead to many 'consequences'.

FILE PHOTO: British Business Secretary Alok Sharma arrives in Downing Street,following the outbreak of the coronavirus disease , London, Britain, June 2, 2020. REUTERS/John Sibley/File Photo

China’s ambassador to London, Liu Xiaoming, said on Monday his country’s business community was watching the decision over Huawei closely and that Britain risked losing its reputation as an open, business-friendly environment. Britain granted Huawei a limited role in its future 5G networks in January, but ministers have since said the introduction of U.S. sanctions on the company means it may no longer be a reliable supplier.

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The UK is officially reconsidering letting Huawei build its 5G - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. China is a communist regime not to be trusted. The list is painfully short, but Trump isn't wrong on this one. Nice try, though. (I know, I know.)
Source: BusinessInsider - 🏆 729. / 51 Read more »