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Showing posts with the label fair trade

Will The Huawei Case Finally Awaken Democrats To The China Threat And The Danger Of Faux Free Trade Rhetoric?

Huawei Shenzhen office building (by Raysonho  via Wikimedia Commons) On January 28 the Department of Justice of the United States unsealed two cases against Huawei , China's largest telecommunications company, and its chief financial officer, Meng Wanzhou.  Huawei has been accused of trying to steal trade secrets, committing bank fraud, breaking confidentiality agreements and violating sanctions against Iran. One indictment claims that Huawei attempted to steal trade secrets from T-Mobile by promising bonuses to employees who collected confidential information. Huawei is not a company like any other. Over the years it has benefited enormously from the support of the Chinese Communist regime. The founder of Huawei, Ren Zhengfei, joined China's army during the Cultural Revolution . In 1978 he also joined the Chinese Communist Party (CCP).  In the early years Huawei's sources of capital were high-interest loans (20%-30%) from Chinese state-owned enterp