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It's not really a good move.
Meng was not even in the US , and it's not like she committed a universally recognized crime. Even if the company she represents violated the law of the US, Americans selling weapons to Taiwan is worse from Chinese perspective.
It's not really a good move.
Meng was not even in the US , and it's not like she committed a universally recognized crime. Even if the company she represents violated the law of the US, Americans selling weapons to Taiwan is worse from Chinese perspective.
The problem here is with China breaking conditions of trade. China was not part of the group of countries who agreed to sanctions on Iran in the United Nations Security Council's Resolution as an international law. But the countries who did can hold to account trading partners who ignore this condition and breach contract. It is a matter of international security.
A 10-count indictment unsealed today in the Western District of Washington State charges Huawei Device Co., Ltd. and Huawei Device Co. USA with theft of trade secrets conspiracy, attempted theft of trade secrets, seven counts of wire fraud, and one count of obstruction of justice. The indictment, returned by a grand jury on January 16, details Huawei’s efforts to steal trade secrets from Bellevue, Washington based T-Mobile USA and then obstruct justice when T-Mobile threatened to sue Huawei in U.S. District Court in Seattle. The alleged conduct described in the indictment occurred from 2012 to 2014, and includes an internal Huawei announcement that the company was offering bonuses to employees who succeeded in stealing confidential information from other companies.
A 13-count indictment was unsealed earlier today in federal court in Brooklyn, New York, charging four defendants,[1] including Huawei Technologies Co. Ltd. (Huawei), the world’s largest telecommunications equipment manufacturer, with headquarters in the People’s Republic of China (PRC) and operations around the world. The indicted defendants include Huawei and two Huawei affiliates — Huawei Device USA Inc. (Huawei USA) and Skycom Tech Co. Ltd. (Skycom) — as well as Huawei’s Chief Financial Officer (CFO) Wanzhou Meng (Meng).
The defendants Huawei and Skycom are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violations of the International Emergency Economic Powers Act (IEEPA) and conspiracy to violate IEEPA, and conspiracy to commit money laundering. Huawei and Huawei USA are charged with conspiracy to obstruct justice related to the grand jury investigation in the Eastern District of New York. Meng is charged with bank fraud, wire fraud, and conspiracies to commit bank and wire fraud.
The problem here is with China breaking conditions of trade. China was not part of the group of countries who agreed to sanctions on Iran in the United Nations Security Council's Resolution as an international law. But the countries who did can hold to account trading partners who ignore this condition and breach contract. It is a matter of international security.
There is an easy way to stop that sanction mess: China should make a law according to which all imports into China must be accompanied by an official document signed by the responsible authorities of the exporting country, in which it is guaranteed that the goods to be imported are free of any past, present, and future trade restrictions. If goods are not accompanied by that document, they will be sent back at the ports.
The Department of Justice (DOJ) has unveiled criminal charges against Huawei Technologies Co. and its chief financial officer Meng Wanzhou. The firm is accused of stealing trade secrets, committing wire fraud and violating sanctions against Iran.
Industrial espionage is not a problem in my view, every advanced country does it. Just a few years ago there were reports on the widespread US industrial espionage on France, which in turn is also quite active in that respect. Britain as well.
I think it only makes sense for developing countries (like China, India etc.) to also use illegal practices. After all, their goal is to catch up. Given the speed of technical progress and the jungle of patents these days, developing everything oneself makes little sense, it is like reinventing the wheel. And it doesn't reduce the gap at the top as the leaders also keep developing of course. The current trade rules are set up to benefit the leaders, not to bring about a level playing field. So, either the trade rules and international laws are changed so that they benefit developing countries, or those will do everything legal and illegal to catch up.
The problem of the West is that they desperately try to keep China from getting to the top, which it eventually will, anyway. It is the fear of a country being successful despite not being a free market economy. I have no problem at all with state companies, but for some reason many people in the West seem to think it is wrong. Western companies also get their money from others such as investors, banks etc. So why shouldn't Chinese companies get money from their investors, i.e. the state? China doesn't keep the West from founding state companies, either.
The problem of the West is that they desperately try to keep China from getting to the top, which it eventually will, anyway. It is the fear of a country being successful despite not being a free market economy. I have no problem at all with state companies, but for some reason many people in the West seem to think it is wrong. Western companies also get their money from others such as investors, banks etc. So why shouldn't Chinese companies get money from their investors, i.e. the state? China doesn't keep the West from founding state companies, either.
Why should the U.S. have to compete with countries that have no labor or environmental standards?
Why should the U.S. have to compete with countries that have no labor or environmental standards?
That's exactly the refrain heard in Canada during the original NAFTA talks as Canadians were well aware they were going to be losing jobs to the "right to work" states where workers were payed peanuts and getting no benefits Ergo;.... losing jobs to a country that didn't shive-a-git about their people or the environment they were forced to work in..
Now that the shoe's on the other foot, the whining is strident indeed.
That's exactly the refrain heard in Canada during the original NAFTA talks as Canadians were well aware they were going to be losing jobs to the "right to work" states where workers were payed peanuts and getting no benefits Ergo;.... losing jobs to a country that didn't shive-a-git about their people or the environment they were forced to work in..
Now that the shoe's on the other foot, the whining is strident indeed.
There's a huge difference between Alabama and China.
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