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The Huawei case will finally force the US government to prove some of the claims it's made about Chinese companies

2018-12-11 08:35:30       source:CNBC

December 11, 2018


For more than two decades, the U.S. government has been strongly asserting the Chinese military colludes with Chinese corporations to steal intellectual property, spy on U.S. companies, conduct lucrative business with sanctioned entities and actively hack American organizations.


Now, the U.S. government has its first tangible crack at one of those corporations, Huawei, after years of making these types of claims. The stakes couldn't be higher for the Justice Department to prove them.


On Dec. 1, the U.S. essentially left one of its closest allies — Canada — no choice but to arrest the chief financial officer of one of China's largest hardware companies, an enterprise that ships more mobile phones than Apple. That CFO, Meng Wanzhou, is the daughter of the company's founder, injecting a level of interpersonal drama on top of the geopolitics, trade tensions and long-standing allegations against the firm.


Read more:

https://www.cnbc.com/2018/12/10/huawei-case-will-force-us-to-back-up-anti-chinese-rhetoric.html