CNBC Op Ed: America, allies must reject China’s Huawei, lead on 5G
Thu September, 2020, Age: 3 years
Less than six months ago, it appeared Chinese telecom giant Huawei was winning over America’s European allies. Now, countries that decided to allow Huawei to build their 5G networks are waking up to the dangers posed by allowing Chinese state-directed companies into their infrastructure.
The shift provides an opening for the U.S. and our partners to work together to ensure alternatives exist. Because Huawei has so far competed against private telecom firms with the force of the Chinese government backing it, legitimate competitors find it difficult if not impossible to compete. Beijing has tilted the playing field by subsidizing Huawei and providing financing to its customers. The more nations ban or otherwise restrict Huawei, the more effective market-based solutions among the no-Huawei zone will be.