China urged France Monday to guarantee a “fair and just” environment for its companies after Paris decided to restrict licenses for telecom operators using 5G technology from Huawei.

The United States and Australia have banned Huawei from their 5G networks and the Financial Times reported Monday that Britain could decide this month to phase out the company’s equipment from its system.

France’s National Agency for Security of Computer Systems said Monday, however, that local operators SFR and Bouygues Telecom — which already use Huawei equipment — will be issued eight-year licenses to operate 5G technology.

China’s foreign ministry spokesman Zhao Lijian told a regular briefing Monday that Beijing hoped france “can uphold an objective and fair attitude” and allow the market and enterprises to “make a choice in their own interests”.

He urged France to take “practical action to provide an open, fair, just and non-discriminatory business environment for enterprises of all countries, including Chinese enterprises.”

Huawei has invested billions of dollars in 5G technology, competing mainly against Sweden’s Ericsson and Finland’s Nokia.

But the United States has raised concerns that the company’s technology could be used by China as a Trojan horse to spy on other countries.

– AFP

Subscribe
Notify of
4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
You May Also Like

US authorities probe Goldman Sachs over Silicon Valley Bank collapse

Goldman Sachs is being investigated by US authorities over its work for Silicon Valley Bank (SVB) in connection with the events surrounding the California bank’s collapse, according to a securities filing. Goldman has been criticized over its multiple roles with SVB, in which it was both advising the bank and purchasing distressed debt in a deal that ultimately played a central role in SVB’s collapse.

Reuters: Temasek-owned PSA International considering multibillion-dollar exit from Hutchison’s port business

SINGAPORE —   PSA International, port operator fully owned by Temasek Holdings, has…

Oil powers announce surprise cuts of more than 1 million bpd

Saudi Arabia and other major oil producers announced a surprise production cut of more than one million barrels per day on Sunday, citing it as a “precautionary” move aimed at stabilising the market. The reductions, on top of a Russian decision to extend a cut of 500,000 barrels per day, risk stoking inflation and pressure to raise interest rates. The cuts follow a drop in oil prices triggered by jitters over the banking sector.