Market Performance

Great Britain has decided to bar the People’s Republic of China’s telecom company, Huawei, from participating in the British build-out of their 5G network.

The PRC isn’t happy. Foreign Ministry Spokesperson Zhao Lijian:

Whether the UK will provide an open, fair and non-discriminatory environment for Chinese businesses offers a telling clue to how the post-Brexit British market will perform and how secure China’s investment will be in that country. So, we will be closely following the situation.

I certainly hope it’s a telling clue, given that PRC companies are extensions of that government’s intelligence gathering facility.

Besides, diversity in 5G network buildout and operation, which will be facilitated by avoiding Huawei participation and domination, will only enhance the communications market; enhancing national security in the several nations is a happy additional outcome.

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