Logo of Phnom Penh Post newspaper Phnom Penh Post - Restrictions on Huawei may provide chances for Europe

Restrictions on Huawei may provide chances for Europe

Content image - Phnom Penh Post
Industry insiders have said US government restrictions on Huawei provide opportunities for European counterparts. FRED DUFOUR/AFP

Restrictions on Huawei may provide chances for Europe

US government restrictions on Chinese technology giants such as Huawei provide “enormous” opportunities for European counterparts, according to industry insiders.

Technology firms from the UK and other European nations still have synergistic business relationships with Chinese counterparts.

“The UK’s 5G development needs participation from Huawei. The UK government and companies should make decisions by measuring Huawei’s merits rather than political powers,” China-Britain Business Council director John McLean said in an exclusive interview with China Daily.

Technology is reshaping the world order and has become a determining factor for countries to reposition themselves in the global arena, said McLean, who is also special adviser to the lord mayor of London on China.

“The US is leveraging political power to influence global free trade. The real purpose is not just about tariffs, it’s about a whole package to force China to do something in the trade war. The US is so eager because the biggest world power is facing rising technological challenges from burgeoning economies, including China,” he added.

He said no party should harm the free choice of customers. “If it works for businesses and customers, it should work for everybody.”

“The economic cooperation between China and Europe has great potential. Enormous opportunities await to be tapped in sectors including technology, education and healthcare,” McLean added.

His words came as China and the US, the world’s two largest economies, have been embroiled in a trade confrontation over the past year.

Washington has also increased tensions by adding Chinese tech firms, including Huawei, to its Entity List, which would effectively ban US companies from selling components and software to them.

“The worst part of the current trade tension between China and the US is having created uncertainty in the global economy,” said Luigi Gambardella, president of ChinaEU, an international association in Brussels that promotes digital and internet cooperation.

Global US companies are likely to suffer heavily if they are prevented from striking deals with Chinese subcontractors and clients, Gambardella said.

“Think about companies like Apple and Microsoft-what will happen to them if globalisation is rolled back?” he added.

Both McLean and Gambardella suggested that China and Europe have great potential for cooperation in key emerging sectors.

“China and Europe’s cooperation on big data will be promising and the two sides should jointly build a better global digital community,” Gambardella added.

“Logistics chain, transportation and production can be largely improved by digitalisation.”

Xiang Ligang, director-general of Information Consumption Alliance, a telecom industry association, said Chinese companies have long attached great importance to Europe as epitomised by Huawei, which has established 23 research and development centres cross 14 European countries. CHINA DAILY/ASIA NEWS NETWORK

MOST VIEWED

  • PM orders immediate action against ‘sexy’ live streamers

    Prime Minister Hun Sen on Monday ordered immediate action against women who live stream their sales pitches on Facebook wearing revealing clothing. The prime minister said the practice erodes traditional Cambodian values and disgraces women. Hun Sen gave the order to officials attending the Cambodian

  • Trump tweets praise for Kingdom docking ship

    Cambodia continues to earn praise for its humanitarian act of allowing the MS Westerdam cruise ship with more than 2,200 passengers and crew on board to dock at the Preah Sihanouk port. The praise this time comes from none other than US President Donald Trump. “Thank

  • Tourist area greenlit in Sihanoukville

    The National Committee for Coastal Management and Development will coordinate with relevant ministries over the establishment of a billion-dollar tourist area named Neak Reach in Preah Sihanouk province after it was proposed by the Ministry of Tourism. The Ministry of Land Management, Urban Planning and

  • Hun Sen defends decision to dock Westerdam cruise ship

    Prime Minister Hun Sen on Thursday hit back at critics who say he allowed the Westerdam cruise ship to dock in Sihanoukville for political reasons. Speaking at an annual gathering of the Ministry of Interior, Hun Sen said he acted to avert a humanitarian catastrophe

  • Organic vegetable retailer unveils QR code scheme for origin source

    Organic vegetable retailer Natural Agriculture Village has introduced QR codes on its product packaging, which will allow consumers to see where their produce comes from. Natural Agriculture Village president Bun Sieng, who is also a member of local distributor Green Gold, told The Post on

  • Cool heads will defeat Covid-19

    Since Covid-19 was first reported as a world health issue, cruise ships have been the worst to suffer after airlines. The experiences of those who were initially trapped on the Covid-19-stricken Diamond Princess are unimaginable. The cruise ship was rejected from docking at one