Former top MI6 spy reveals Huawei 99% owned by China communist union

Sir Richard Dearlove, former Head of British secret intelligence service MI6 warns that 99 percent of Huawei is directly owned by the Chinese Communist Party. In "Defending Our Data: Huawei, 5G and the Five Eyes," Dearlove reports that by undercutting the prices of once dominant European telecom network equipment by 18–30 percent, Huawei's sales rose from $4.6 billion in 2014 to $105 billion in 2018. Although customers give high marks to Huawei for quality and reliability, the key to achieving its 41-percent global telecom network infrastructure share has been Chinese state-owned banks lending $10 billion directly to Huawei or indirectly to its customers. With a purported a $100-billion Chinese bank credit line, Huawei was positioned to gain an even more dominant market share with the roll-out of fifth-generation cellular network technology (5G), before President Trump placed Huawei Technologies, Inc. on the U.S. Commerce Department's...(Read Full Post)
You must be logged in to comment.