Huawei

Huawei incident

Huawei’s CFG Meng Wanzhou was arrested in Canada for violating US sanctions on Iran.

Meng is not a US citizen and has no obligation to abide by US laws. The arrest is more meaningful for criminals against US laws. It set up a clear roadblock to the trade negotiation. How can we protect our businessmen / women in foreign soils with this dumbest incident?

Embargoing together with several countries against one country is bullying to me.

If US continues this kind of bullying, we will be more isolated. I believe Trump forced Canada, Australia and India to work against China. They banned Huawei using their country as a test site for 5G network. It is a short-term solution but a long-term blunder. Huawei is working on producing their phones without US components and even the operating system.

Being one of the best if not the best phones in 2018, Huawei’s phones are not carried by the major networks as forced by the government. Virtually US bans Huawei selling phones in the US on national security reason. Should other countries ban iPhone for the same reason?

In 10 years or so, these puppets with exception of India and Japan will not listen to us any more. Canada and Australia depend exporting their farm products and ores to China. EU will make money in selling air planes to China. We already have lost S.E. Asia and Africa to China. Many EU countries are using Huawei's 4G networks and phones now. Huawei’s new phone (with 3 cameras and AI features) is debatably the best in 2018. Trump tried to slow down Huawei, but for how long?

If I were Meng, I would not leave China (maybe she does not trust China too). There is a rumor that her former company Skycom traded with Iran.

Apple and many US products in US will suffer. Chinese are motivated not to buy US products including iPhones. Many companies including Ericson and countries such as Vietnam will benefit from the Huawei incident. US will suffer in many fronts. China would spend my efforts in building the core technologies. China revenged by arresting two Canadians.

The following is abstract from Globe and Mail:

Ms. Meng is charged with violating U.S. sanctions on Iran. Yet, consider her arrest in the context of the large number of companies, U.S. and non-U.S., that have violated America’s sanctions against Iran and other countries. In 2011, for example, JP Morgan Chase paid $88.3 million in fines in 2011 for violating U.S. sanctions against Cuba, Iran and Sudan. Yet Jamie Dimon wasn’t grabbed off a plane and whisked into custody.

And JP Morgan Chase was hardly alone in violating U.S. sanctions. Since 2010, the following major financial institutions paid fines for such violations: Banco do Brasil, Bank of America, Bank of Guam, Bank of Moscow, Bank of Tokyo-Mitsubishi, Barclays, BNP Paribas, Clearstream Banking, Commerzbank, Compass, Crédit Agricole, Deutsche Bank, HSBC, ING, Intesa Sanpaolo, National Bank of Abu Dhabi, National Bank of Pakistan, PayPal, RBS (ABN Amro), Société Générale, Toronto-Dominion Bank, Trans Pacific National Bank (now known as Beacon Business Bank), Standard Chartered and Wells Fargo.

None of the CEOs or CFOs of these sanction-busting banks were arrested and taken into custody for these violations. In all of these cases, the corporation – rather than an individual manager – was held accountable. Nor were they held accountable for the pervasive lawbreaking in the lead-up to or aftermath of the 2008 financial crisis, for which the banks paid a staggering US$243 billion in fines, according to a recent tally...

Huawei is one of China’s most important technology companies and therefore a prime target in the Trump administration’s effort to slow or stop China’s advance into several high-technology sectors. America’s motivations in this economic war are partly commercial – to protect and favour laggard U.S. companies – and partly geopolitical. They certainly have nothing to do with upholding the international rule of law.

The U.S. appears to be trying to target Huawei especially because of the company’s success in marketing cutting-edge 5G technologies globally. The U.S. claims the company poses a specific security risk through hidden surveillance capabilities in its hardware and software. Yet the U.S. government has provided no evidence for this claim.

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The above is from my book "Can China Say No?" available from  Amazon.com.