Huawei, ZTE under EU scanner

[Bombay Dude]

The European Union is set to launch a major trade case against China's biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said.

The EU told member states it had been gathering evidence for an anti-dumping case against Huawei Technologies and ZTE, saying that they had obtained illegal government subsidies and sold products in the EU below cost, the newspaper said, quoting unidentified EU officials and executives.

Once the EU determined that China was acting illegally, Huawei and ZTE, the world's No.2 and No.5 telecom equipment makers, could be subject to punitive EU tariffs, the FT said.

ZTE declined comment, while Huawei had no immediate comment.

Huawei and ZTE compete globally in the telecom equipment business with European vendors such as Ericsson, Alcatel-Lucent and Siemens-Nokia.

Earlier in May, the EU's Trade Commissioner Karel De Gucht said the EU was planning new trade defences to counter subsidies and dumping by trading partners, such as China.

China is the European Union's second biggest trading partner after the United States and the bloc is China's biggest trade partner, with trade between the two forecast to hit a record high of 500 billion euros ($397 billion) this year.

But the relationship is tense. De Gucht has in the past complained that China subsidies "nearly everything", making it hard to compete.

Huawei, ZTE under EU scanner: Report - The Times of India

 

[FairAndUnbiased]

Europeans should remove their subsidies for 50 year old Greeks retiring with full pensions for another 30 years and Germans only working 1400 hours per year first. I believe that would greatly help the trade balance.

 

[SinoChallenger]

They cover up their failure with whining.

 

[R0H1T]

Huawei, ZTE under EU scanner

Way to go EU

Europeans should remove their subsidies for 50 year old Greeks retiring with full pensions for another 30 years and Germans only working 1400 hours per year first. I believe that would greatly help the trade balance.

Haters gonna hate

 

[FairAndUnbiased]

Way to go EU
Haters gonna hate

I wish India had 1400 hour work years and people retired at 50. But you don't. Social welfare is nonexistent in India.

 

[DANGER-ZONE]

Way to go EU
Haters gonna hate

Even if you find Chinese Avionics in C-130J, Still Haters gona Hate.

 

[R0H1T]

I wish India had 1400 hour work years and people retired at 50. But you don't. Social welfare is nonexistent in India.

Me too but that puts an unbearable amount of pressure on the current system & the rest of the populace can't bear that drag on the economy which is one of the main reasons West is going downhill !

 

[ChinaToday]

Way to go EU
Haters gonna hate

oh here come cheer leader number1 ...." Give me an E .... Give me an U ....give me a R........ give me an O ...yeahhhhhhhh
Euro Euro Euro ..yeah we indians support you even though you are doing the same sh@T on us

 

[R0H1T]

Even if you find Chinese Avionics in C-130J, Still Haters gona Hate.

Avionics is a broad term so it also includes Western tech not just CN components that are based on it !

 

[skyknight]

I guess we should cancel some deals with airbus.

 

[R0H1T]

oh here come cheer leader number1 ...." Give me an E .... Give me an U ....give me a R........ give me an O ...yeahhhhhhhh
Euro Euro Euro ..yeah we indians support you even though you are doing the same sh@T on us

Last I checked CN had bought more Euro denominated bonds than probably any other country in the world

I guess we should cancel some deals with airbus.

I bet they wouldn't mind an end to their corporate espionage travails in China

 

[ChinaToday]

Last I checked CN had bought more Euro denominated bonds than probably any other country in the world

yeah right that s because we are alot richer than india 3trillions $ in fx reserves compare to your pathetic $300 billions LOL

on serious note i think EU is using this to gain more bargaining chips for the carbon tax on airlines with china

 

[R0H1T]

yeah right that s because we are alot richer than india 3trillions $ in fx reserves compare to your pathetic $300 billions LOL

on serious note i think EU is using this to gain more bargaining chips for the carbon tax on airlines with china

So you should know what'll happen if the Greeks default !

What does the carbon tax have to do with this & FYI we've resisted paying that up as well !

 

[Chinese Century]

no amount of crying and whining will hide the fact that europe is totally bankrupt and most of its economies are in recession and some in depression.

the more protectionism they use against us, we will retaliate and it will hurt their economies even more.
they need to export to get out of the recession and china is the fastest growing consumer market and 3rd largest consumer market. if they lose access to our markets by denying our companies access to their markets, they will be in this depression for a very long time.

 

[kawaraj]

I guess we should cancel some deals with airbus.

With your C919 big bird on horizon you can just write off all the pipeline orders from Airbus. but you can still leave some for Boeing to play carrots donkey game with amercians. EU just want to rot by itself, and let it be.

back to the topic, Huawei is a honorable company, very profitable and I don't believe it's taking government subsidies.