University, said, “Although the DMZ meeting has created significant momentum that will help restart a change on the Korean Peninsula, as sanctions will remain in place, chances are
上海419品茶微信not high that the meeting will lead to a major change in the short-term trajectory of denuclearizing the peninsula.”
One of the most encouraging signs that emerged from the meeting between President Xi Jinpi
ng and US President Donald Trump on the sidelines of the G20 Summit in Osaka on Saturday was the s 上海419
oftening of Trump’s stance on the sanctions the US administration had imposed on Chinese telecommunications equi
pment provider Huawei. Trump said US companies can continue selling telecom components to Huawei. 上海419
If US companies indeed continue selling telecom components to Huawei, it will come as a big relief to the world at a time when th
e international community fears the “technology decoupling” of world’s largest and second-largest economies could u 上海419品茶微信
ndermine global technological development, especially the commercialization of 5G technology, in which Huawei is a leading global player.
Previously the US administration was reportedly mulling banning 5G telecom equipment designed and manufactured in China, includin 上海419
g those made by multinational companies such as Ericsson and Nokia, from the US market.
The fact is, as a global leader in 5G, Hu
上海419品茶微信awei is too big to fail. After the US administration banned American companies from selling chips to Huawei an
d other Chinese companies, Silicon Valley has suffered as much, if not more than, Huawei. Besides, some companies co
ntinued to supply chips to Huawei via their overseas branches in order to avoid violating the US ban. 上海419品茶微信
Hopefully, the Xi-Trump meeting and the likely resumption of trade talks between China and the U
S will prompt Washington to adopt a consistent and the right approach toward Chinese high-tech co
mpanies, not least because China tends to treat all companies, domestic as well as foreign, equally. 上海419品茶微信
For example, with research and development centers and manufacturing bases in China, Er
icsson and Nokia have won big contracts in the just launched bid for 5G network devices. These companies hav
e been supplying to markets and serving telecom operators and enterprises across the globe, by capi
talizing on China’s skilled workforce, world-class infrastructure and complete industrial chain.
Yet, if the US does not lift the ban, such companies would have to endure higher production co
sts. They could even be forced to transfer their businesses out of China, although both Ericsson and Nokia cl
aim they can operate production bases in other countries despite the higher costs, due to the flexible supply chain.