Still a great deal of chatter out there on the Huawei/ZTE situation in the U.S. Amazing how both the “Protectionism!” and “Government Stooges!” sides both tend to reach conclusions without actually discussing the actual situation. Maybe that’s always the case with these trade and investment disputes, and I’ve never noticed it before? A scary thought.
I spent some time today writing a follow up to a couple of August posts on Wal-Mart’s acquisition of e-commerce company Yihaodian. The post devolved into an extremely detailed discussion of M&A, restructuring, and VIEs. It became surreal, in a techno-legal gibberish kind of way. At some point, I think my body became completely unglued from spacetime, sort of a blogger version of Billy Pilgrim, and I just sat here a while repeatedly typing “So it goes.” Trippy.
I ended up with this: Wal-Mart M&A: Yihaodian Restructures its VIE. I Still Have Questions.
If you’d rather read something that won’t cause male pattern blindness, I would suggest:
Tech In Asia: What Would China be Like if the Internet Wasn’t Censored? — Great ‘What If?’ article by Charlie Custer. For what it’s worth, I tend to think things wouldn’t change here nearly as much as most foreigners probably assume.
AP: US affirms steep tariffs on China solar panels — The latest trade spat, just what the bilateral relationship needs during this politically-charged season. Let the tit-for-tat begin! For more on this topic, there’s also this in the New York Times: U.S. Will Place Tariffs on Chinese Solar Panels.
Bloomberg: Did Chinese IPhone Workers Really Go on Strike? — Adam Minter looks at the weird-ass news coverage of the alleged strike at a Foxconn factory.
Caijing: Injured Japanese Car Owner in Xi’an Anti-Japan Protest Sues Police — This case won’t go anywhere, but it’s rather fascinating to see folks here go after basic institutions in court. Chalk this up to frustration more than faith in the nation’s court system.
Wall Street Journal: How Stimulus Spending Threatens Social Stability in China — The connection between economic stimulus, an increase in new projects, and forced evictions. Serious unintended consequences.
Sorry, but I can’t put off all these Huawei/ZTE story links any longer. Best to just get it over with quick:
Adam Segal: Huawei, Cybersecurity, and U.S. Foreign Policy — Segal sees the House report as an opportunity to discuss a much-needed U.S. policy response towards cybersecurity.
Forbes: Interview: Huawei’s Cyber Security Chief Slams U.S. ‘Protectionism’ — This is to be expected, I suppose. This guy claims that Huawei cooperated fully with the committee’s information requests. So when the report cites missing information or failure to respond to certain questions, this can be chalked up to protectionism?
Telegraph: Huawei faces further investigation into Chinese ‘spying’ allegations — Uh oh. Now that everyone is talking about Huawei, ex-employees, customers, etc. are coming out of the woodwork with complaints. Add this to the House report’s suggestions for further investigations.
Guardian: Huawei and the China difference — The problem Huawei, ZTE and other Chinese companies face when doing business abroad. This is a key point that I hope to address in yet another post on this topic. Until then the Guardian sums it up perfectly: “China’s companies are caught between a domestic regime that demands rules be bent, and an international one that forbids it.” The Guardian also has this on what troubles Huawei may face in the UK: Huawei’s relationship with BT under investigation by MPs.
Forbes: Huawei to US: “Butt out of our business” — This is also a look at the difference in business cultures in the two countries and how lack of transparency was the big problem for Huawei and ZTE. Along with the Guardian piece, this really sums up the core issue well.
Xinhua: Groundless report threatens US jobs: Huawei — This push back was rather lame. I mean, yeah, bringing up jobs is always a good thing to do when talking domestic politics, but you need to lay a foundation. Simply chiming in with “JOBS!” smacks of desperation. Sounds like a threat, too.