The US obsession with Chinese telecommunications equipment vendor Huawei Technologies may be well-intentioned, but could end up seriously harming the country's economy and national security, a senior adviser and trustee chair in Chinese Business and Economics at the Centre for Strategic and International Studies in Washington DC, says, in an article written as a brief for the Centre and sent to subscribers of The China Wire website in its weekly email titled "What we're reading this week".
Three US senators from the Democratic Party have asked the federal government to disclose what incentives it has promised to the Taiwan Semiconductor Manufacturing Company to get the company to set up shop in the US.
New restrictions on the use of American products, imposed by the Commerce Department on Chinese telecommunications equipment provider Huawei Technologies, have been described as arbitrary and pernicious by the company.
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