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Huawei’s US government lawsuit may lift the air of ‘mystery’ around the Chinese telecoms giant

Huawei’s lawsuit against the United States government could end up lifting the air of “mystery” surrounding the Chinese telecommunications equipment manufacturer should details of its ownership structure and relationship with the Chinese government be revealed, according to a leading Chinese law professor.The US Congress has banned federal agencies from using Huawei equipment due to national security concerns, but the Shenzhen-based firm argues the ban is unconstitutional as it singles out a… Source link

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China 

Li Keqiang says it’s time for Chinese government to ‘turn the blade inward’ to boost jobs growth

China has pledged to create more than 11 million new jobs this year – equivalent to the population of Belgium and more than that of Hong Kong – as it tries to ensure social stability amid an economic slowdown and rising tensions with foreign countries.Wrapping up the annual legislative sessions on Friday, Premier Li Keqiang said Beijing was aware of the downward pressure from the economy, with GDP growth slowing to 6.6 per cent last year – its weakest pace since 1990.But he ruled out any… Source link

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Vietnam 

Government may withdraw environmental tax hike proposal – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NÔI — The Government is considering withdrawing a proposal from the Ministry of Finance (MoF) to increase environmental taxes on fuel products to the maximum of VNĐ8,000 (US$0.35), stating the move requires further consideration. The ministry has proposed several times almost tripling the environmental protection tax on oil and gas consumption to the maximum VNĐ8,000 per litre, including in the draft revised Law on Environmental Protection Tax.  The environmental protection tax on petroleum products was last increased on January 1, 2019, according to a resolution issued…

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Vietnam 

Government to better policies to boost automobile industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Government will provide policy support for automakers, but not at the cost of breaking its international integration commitments, Prime Minister Nguyễn Xuân Phúc has said.— VNA/VNS Photo Vũ Sinh HÀ NỘI — The Government will provide policy support for automakers, but not at the cost of breaking its international integration commitments, Prime Minister Nguyễn Xuân Phúc has said. The Government leader made the statement at a meeting with representatives of relevant ministries, localities and…

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Vietnam 

Government moves to legalise P2P lending – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The Government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending in the country before officially developing laws for the new form of business, Deputy Prime Minister Vương Đình Huệ said. During a recent meeting with relevant ministries and agencies to discuss P2P lending, Huệ instructed that during the pilot operation, P2P lending would be restricted to connecting lenders and borrowers as currently being run by most P2P lending companies in Viet Nam. P2P lending companies would not…

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China 

Chinese private firms ‘being held back by prejudice as a result of government support for state-owned enterprises’

Chinese private companies are being held back by stereotypes that paint them as less reliable than state-owned enterprises when it comes to repaying their debts, fulfilling their contractual obligations or attracting talent, the boss of a pharmaceutical company has warned.Yang Wenlong, chairman of the private Renhe Group, said these prejudices made it harder for private companies to get loans, adding that this unfair treatment was a consequence of the implicit guarantees the government gave to… Source link

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Huawei slaps US government with lawsuit in bid to overturn federal ban on its gear

Chinese telecommunications equipment manufacturer Huawei Technologies has filed a lawsuit against the US government in a bid to overturn the US federal ban on its gear, the company said on Thursday in Shenzhen.The lawsuit was filed in the US District Court in Plano, Texas, where Huawei’s US headquarters are located. The company is arguing that the federal ban is unconstitutional, as it singles out a person or a group for punishment without trial.“This ban not only is unlawful, but also… Source link

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Huawei’s planned lawsuit against the US government could help it gain friends in the West, experts say

Huawei Technologies’ planned lawsuit against the US government signals that the company is prepared to go through an open public process to clear its name, a move which could instil greater confidence in other Western countries to use their equipment, according to experts.The Chinese telecommunications equipment company is planning to sue the US government for banning federal agencies from using its equipment and will announce the lawsuit on Thursday, according to a person familiar with the… Source link

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Beijing to increase support for manufacturing upgrade even though Made in China 2025 omitted from government work report

In delivering his 2019 government work report to the National People’s Congress in Beijing on Tuesday, Chinese Premier Li Keqiang said the country would “work faster to make China strong in manufacturing” despite no mention of “Made in China 2025” in the government work report for the first time in three years.The phrase “Made in China 2025” (MIC2025), the Beijing blueprint for tech supremacy that has aroused suspicion in the US and Europe, was not mentioned at all in China’s 2019 government… Source link

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