Here's why the US is terrified of one Chinese company controlling the world's 5G networks

to talk up Huawei's 5G business to a cavernous auditorium filled with telecoms executives and journalists.

Behind him, a slide appeared in his presentation with the statement:"Huawei has not and will never plant backdoors." There was even some muted laughter from the audience. When pressed by reporters, Strayer refused to say whether the US had proof that Huawei might have built backdoors into its telecommunications equipment.

Joseph Campbell, a director in the global investigations and compliance practice at Navigant Consulting and formerly assistant director of criminal investigations at the FBI, says the Huawei fight is a proxy for bigger US fears about China's ambition.

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