Congressional Report on Huawei Smacks of Protectionism

The House Intelligence Committee report on Huawei Technologies Co. and ZTE Corp., China‘s two largest phone-equipment makers, breathlessly hints at a massive national security breach in the making. The committee report, out today, says Chinese intelligence services could spy on the U.S. by using the two companies’ equipment to tamper with American telecoms networks.

The companies, based in Shenzhen, China, failed to cooperate with a yearlong investigation, the report says, or to explain their U.S. business interests and relationships with the Chinese government. Therefore, they can’t be trusted and should be barred from merging with or acquiring U.S. companies or getting U.S. contracts.

Read Here – Bloomberg

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