See More on Facebook

Business, Diplomacy

Restriction on Huawei provides chances for Europe

The US has put massive restrictions on Huawei with US firms also taking part.


Written by

Updated: May 30, 2019

United States government restrictions on Chinese technology champions like Huawei provide “enormous” opportunities for European counterparts, according to industry insiders.

Technology firms from the United Kingdom and other European nations still have synergistic business relationships with Chinese counterparts.

“The UK’s 5G development needs participation from Huawei. The UK government and companies should make decisions by measuring Huawei’s merits rather than political powers,” said John McLean, director of the China-Britain Business Council, in an exclusive interview with China Daily.

Technology is reshaping the world order and has become a determining factor for countries to reposition themselves in the global arena, said McLean, who is also special adviser to the lord mayor of London on China.

“The US is leveraging political power to influence global free trade. The real purpose is not just about tariffs, it’s about a whole package to force China to do something in the trade war. The US is so eager because the biggest world power is facing rising technological challenges from burgeoning economies, including China,” he added.

He said no party should harm the free choice of customers. “If it works for businesses and customers, it should work for everybody.”

“The economic cooperation between China and Europe has great potential. Enormous opportunities await to be tapped in sectors including technology, education and healthcare,” McLean added.

His words came as China and the US, the world’s two largest economies, have been embroiled in a trade confrontation over the past year.

Washington has also increased tensions by adding Chinese tech firms, including Huawei, to its Entity List, which would effectively ban US companies from selling components and software to them.

“The worst part of the current trade tension between China and the US is having created uncertainty in the global economy,” said Luigi Gambardella, president of ChinaEU, an international association in Brussels that promotes digital and internet cooperation.

Global US companies are likely to suffer heavily if they are prevented from striking deals with Chinese subcontractors and clients, Gambardella said.

“Think about companies like Apple and Microsoft-what will happen to them if globalization is rolled back?” he added.

Both McLean and Gambardella suggested that China and Europe have great potential for cooperation in key emerging sectors.

“China and Europe’s cooperation on big data will be promising and the two sides should jointly build a better global digital community,” Gambardella added.

“Logistics chain, transportation and production can be largely improved by digitalization.”

Xiang Ligang, director-general of Information Consumption Alliance, a telecom industry association, said Chinese companies have long attached great importance to Europe as epitomized by Huawei, which has established 23 research and development centers cross 14 European countries.



Enjoyed this story? Share it.


China Daily
About the Author: China Daily covers domestic and world news through nine print editions and digital media worldwide.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Business, Diplomacy

G20 draft calls for digital economy rules within the year

Digital laws have been proposed before in the past but is gaining traction ahead of the G20s. The leaders’ declaration for this week’s Group of 20 summit will call for creating a framework for drawing up international rules on the digital economy to be called the “Osaka track,” according to a draft obtained by The Yomiuri Shimbun. It will also call for achieving results within the year. The G20 leaders are scheduled to gather in Osaka on Friday and Saturday. In the draft, the section on the digital economy is part of a separate “Osaka statement.” The Osaka statement draft welcomes progress in discussions among about 80 interested World Trade Organization member states on an e-commerce accord. The draft expresses the G20’s support for rule creation and other developments in this area through the Osaka track. It states that the leaders vow to collaborate so people all over the world w


By The Japan News
June 27, 2019

Business, Diplomacy

Korea, Saudi seek closer cooperation

The two sign MOUs, deals worth over $8 billion. President Moon Jae-in and Crown Prince Mohammed bin Salman of Saudi Arabia met in Seoul on Wednesday to discuss ways to strengthen cooperation in a wide range of areas. The crown prince arrived in Seoul earlier in the day and was met by Prime Minister Lee Nak-yon before moving on to Cheong Wa Dae for a welcoming ceremony followed by a meeting with Moon and his top aides. At the meeting, Moon stressed the importance of Korea-Saudi relations, highlighting economic projects between the two countries and Seoul’s involvement in Saudi’s Vision 2030 program. The Vision 2030 program is aimed at reducing the country’s economic dependence on oil and developing its public service sectors. “Korea is a strategic partner in Vision 2030, and the two countries are expanding the horizon of cooperation beyond construction and energy to ICT, smart infr


By The Korea Herald
June 27, 2019

Business, Diplomacy

FedEx sues US Commerce Department over crackdown on Huawei

US courier delivery company FedEx on Monday sued the US Department of Commerce over a request that the package giant enforce restrictions on Chinese telecom equipment provider Huawei. In the lawsuit filed in the US District Court in the District of Columbia, FedEx claimed that department’s latest measures to restrict the business activities of US companies with Huawei “place an unreasonable burden on FedEx to police the millions of shipments that transit our network every day.” “FedEx is a transportation company, not a law enforcement agency,” FedEx said in a statement. The department in May added Huawei and its affiliates to an “entity list,” a move that under Export Administration Regulations (EAR) barred US companies from supplying the Chinese company with parts such as electronic chips or providing other technologies without US government approval. Th


By China Daily
June 27, 2019

Business, Diplomacy

Iran says US ‘lying’ on talks

Tehran vows to reduce commitments to 2015 nuclear deal with world powers. The United States enacted a new round of sanctions on Monday, targeting Iran’s supreme leader and some senior officials, further escalating tensions between the two sides. US President Donald Trump signed an executive order on Monday, saying he is “imposing hard-hitting sanctions on the supreme leader of Iran and the office of the supreme leader of Iran and many others”. Trump accused Iran’s Supreme Leader Ayatollah Ali Khamenei of being ultimately “responsible for the hostile conduct” of the country. In response, Iranian President Hassan Rouhani said on Tuesday that the fresh sanctions prove that Washington is lying about seeking to hold talks with Teheran. “At the same time as you call for negotiations you seek to sanction the foreign minister? It’s o


By China Daily
June 27, 2019

Business, Diplomacy

Chinese aircraft carrier passes through Taiwan Strait

Taiwan says it closely monitored the situation. Taiwan’s military said June 25 it closely monitored the Chinese aircraft carrier Liaoning, as it passed through the Taiwan Strait earlier in the day. Having completed its mission in the South China Sea, the aircraft carrier, accompanied by a number of other combat ships, sailed north through the Taiwan Strait before returning to its home port of Qingdao in Shandong province, according to the defense ministry. The Liaoning is China’s first aircraft carrier and is named after one of its northeastern provinces. The 300-meter-long vessel was refurbished and upgraded from an unfinished Soviet carrier and commissioned in 2012. The Liaoning was observed passing through the Miyako Strait in the East China Sea earlier this month on its way to the Pacific Ocean, where the People’s Liberation Army Navy conducted training operations, according to Japan


By Cod Satrusayang
June 27, 2019

Business, Diplomacy

Japan, Russia to not discuss sensitive territorial issue at G20

Japan, Russia likely to skip agreement on travel to northern territories at G20. Prime Minister Shinzo Abe and Russian President Vladimir Putin are unlikely to agree on a framework to facilitate travel to the northern territories at their bilateral meeting to be held as early as Saturday on the sidelines of the Group of 20 summit, according to Japanese government sources. Since April, the two governments have been studying a system to grant people traveling between the two countries and the northern territories special passport and visa treatment. The system would enable joint economic activities without harming the legal positions of Japan and Russia, which both claim sovereignty over the four islands. Japan had been considering a Russian proposal to allow short-term visa exemptions for travel between Hokkaido and Sakhalin in the Russian Far East, with the aim of reaching an


By The Japan News
June 26, 2019