See More on Facebook

Business, Diplomacy

Holding Huawei hostage won’t pay off: China Daily editorial

Editor’s note: Washington has postponed its Huawei decision until after holidays.


Written by

Updated: August 20, 2019

Early this week, Washington will review its decision on Huawei as scheduled. It put the company on its export-control list on May 15, delaying the restrictions for three months from May 21.

Although it might be the US suppliers of Huawei that care more about the outcome than the Chinese telecommunications giant itself, the US should not try to hold Huawei hostage to try and force China into agreeing to an unfair trade deal.

Huawei is confident that no power can hold back the pace with which the world will step over the threshold into the 5G era and equally sure of its leadership advantages in that technology, which come from its innovation and foresight. It spends about $20 billion a year on research and development, and it has reportedly already begun research on the next generation 6G telecommunications technology.

Its profitability has endowed its vision with practical meaning. In the first half of this year, its sales revenue reached 401.3 billion yuan ($57 billion), up 23.2 percent year-on-year, realizing a net profit of about $5 billion — last year the company’s annual net profit was about $8.4 billion.

Indeed, Ren Zhengfei, founder and CEO of Huawei, in his most recent media interview, even thanked the US for letting the world know how good Huawei is.

Despite this, the US government should take the opportunity to rethink its decision on Huawei.

However, all the signs suggest the US will not change its mind. Meng Wanzhou, Huawei’s chief financial officer, is still being detained by Canada at the request of the US, and there has been no indication she will be released.

Therefore, another grace period, should one be forthcoming, will be nothing but a stalling tactic. US National Security Advisor John Bolton said Huawei is a source of “Manchurian chips” during his visit to London early last week showing the US is still trying to prejudice other countries against Huawei.

Yet given the promise the US leader made in his meeting with his Chinese counterpart on the sidelines of the Osaka G20 Summit in Japan in late June that the issue of Huawei would be decided at the very end of the trade talks, it is to be hoped that the US does not go back on his word.

If the US takes Huawei as a bargaining chip in the forthcoming round of trade negotiations with China, it will not be engaging in them with sincerity and respect. If that is the case, the talks will lead nowhere.



Enjoyed this story? Share it.


About the Author: ANN’s Board member Ms Esther Ng, Malaysia’s The Star’s Chief Content Officer, has been bestowed the 2019 Asian Women Entrepreneurs Leadership Award in the Media and Communications category.

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

Indonesia slams Singapore for withholding information on nationals treated for COVID-19

Indonesia complains on Singapore insisting to withhold personal information of its citizens showing COVID-19 symptoms in Jakarta. The Indonesian government has complained that Singapore insists on withholding the personal information of several Indonesian citizens believed to have shown COVID-19 symptoms in Jakarta and tested positive for the lethal virus in the city-state. Jakarta said it was facing difficulties in tracing and isolating those who might have had contact with the patients, now being treated at Singaporean hospitals. “We have asked for the identities of the Indonesian nationals from Singapore. They did not give us the names. How are we going to conduct the tracing in Indonesia? Singapore is adamant on not disclosing their identities,”


By The Jakarta Post
March 13, 2020

Business, Diplomacy

Seoul stocks sink, trigger first circuit breaker for 5 min in 8 years 

The Kospi plummeted more than 5 per cent during Thursday trading, which triggered the stock exchange to temporarily halt trading on Korea’s main bourse, as investor sentiments weighed on the coronavirus pandemic. The Korea Exchange activated a “sidecar,” meaning it temporarily halted the trading of shares, for five minutes around 1:04 p.m. after Kospi 200 index futures slipped over 5 percent. It was the first time the sidecar had been activated for the Kospi since Oct. 4, 2011, when Greece defaulted on its debts. “The temporarily halt trading was due to the plunging of the Kospi 200 index futures. They plummeted from 256.90 points to 243.90 points — down 13 points, or 5.06 percent at that time for over a minute,” a KRX official said. The s


By Asia News Network
March 12, 2020

Business, Diplomacy

Final temporary hospital in Wuhan closes its doors

A total of 15 such hospitals, converted from exhibition halls, sports stadiums and warehouses, received more than 12,000 patients. All the 15 temporary hospitals built to exclusively receive novel coronavirus patients in Wuhan, Hubei province, have been closed, with the daily number of reported new cases hitting a record low. Wuchang Temporary Hospital, which was converted from a sports stadium, closed on Tuesday afternoon after its final 49 patients were discharged, making it the last of the temporary hospitals in Wuhan, the centre of the epidemic in China, to close its doors. The hospital, which was converted within two days, received a total of 1,124 patients with mild symptoms of COVID-19 in the 35 days of its operation. No patients died in the hosp


By China Daily
March 11, 2020

Business, Diplomacy

Social media curbs removed in Jammu and Kashmir after seven months

 Jammu and Kashmir administration removes restrictions on social media use across Union Territory almost seven months after a communication clampdown since the Centre’s announcement to scrap the special status of the erstwhile state under Article 370 and its bifurcation into two Union Territories of J&K and Ladakh. The Jammu and Kashmir (J&K) administration on Wednesday removed restrictions from social media usage across the Union Territory almost seven months after a communication clampdown on the eve of the Centre’s August 5 announcement to scrap the special status of the erstwhile state under Article 370 and its bifurcation. The directions came after a review of the situation by the J&K Home department. The order, issued without the


By The Island
March 10, 2020

Business, Diplomacy

15 Korean pharmas, 4 state institutes research coronavirus

South Korea’s state-run research institutes and pharmaceutical firms are working hard to find a cure for the new coronavirus. South Korea’s state-run research institutes and pharmaceutical firms are working hard to find a cure for the new coronavirus, according to news reports Monday. Around 15 firms and four institutes here are burning the midnight oil to get an effective cure, according to Korea Pharmaceutical and Bio-Pharma Manufacturers Association. KPBMA Chairman Won Hee-mok emphasized the synergies between private and public research bodies in yielding a faster outcome. The association identified Korean companies working on vaccines — including SK Bioscience, GC Pharma, Boryung Biopharma, Sumagen and G+FLAS Life Sciences. T


By Asia News Network
March 9, 2020

Business, Diplomacy

‘Incredible India’ now being viewed as intolerant India, says FM Qureshi

 “Modi’s policies are taking a bloody and dangerous turn,” says the foreign minister. Foreign Minister Shah Mehmood Qureshi on Thursday stated that ‘Incredible India’ is now being viewed as “intolerant India”, and ‘Shining India’ as “burning India”, adding that the country is now facing international scrutiny like never before. The foreign minister expressed these views while speaking at a seminar, organised by the Centre for Aerospace and Security Studies, in Islamabad. During his address, Qureshi stated: “Indian Prime Minister Narendra Modi’s policies are taking a bloody and dangerous turn, as predicted by Prime Minister Imran Khan.” Referring to the country


By Asia News Network
March 6, 2020