WSJ: U.S. to Offer Loans to Lure Developing Countries Away From Chinese Telecom Gear
Tue October, 2020, Age: 2 years
The U.S. is ready to offer loans and other financing, potentially worth billions of dollars in total, to countries to buy hardware from suppliers in democratic countries rather than from China, said Bonnie Glick, the deputy administrator at the U.S. Agency for International Development, which is spearheading the effort. USAID this month signed an agreement with the Federal Communications Commission to jointly counter 5G deployments using Chinese equipment in developing countries, combining the FCC’s technical and policy expertise and the aid agency’s network of some 10,000 employees in about 100 countries.
The U.S. effort to curb China’s tech ambitions has grown into a multiagency effort. The Commerce Department has imposed export controls on some U.S. technology to China needed to make advanced telecom equipment and semiconductors. The State Department has instructed its diplomats to lobby allies to shun Huawei and ZTE gear.