Bullying behavior by US denial of its own market economy principles: FM

Source:Global Times Published: 2019/11/25 20:18:42

Photo taken on July 9, 2019 shows a view of the ZTE Cybersecurity Lab Europe in Brussels, Belgium. Chinese telecom giant ZTE launched its Cybersecurity Lab Europe in Brussels on Tuesday.(Photo: Xinhua)



The economic bullying behavior of the US is a blatant denial of the US' own market economy principles, spokesperson for China's Foreign Ministry Geng Shuang said on Monday, in response to US regulators' move to label two leading Chinese telecommunications companies a "national security threat."

The US is now used to suppressing specific countries and enterprises without any solid evidence, Geng said. 

"If this principle does not need to be observed, other countries can also do the same for US companies," he said.

The US Federal Communications Commission (FCC) last week voted to approve an order that designates Huawei and ZTE as "national security threats", imposing limitations on the use of a government fund - the Universal Service Fund (USF) - to purchase equipment or services from the two companies, media reports said.

The FCC's latest order to ban carriers from using the funding to purchase Huawei products is unlawful, Huawei said in a statement sent to the Global Times.

It urged the commission to rethink its profoundly mistaken order by labeling it "national security threat".

"USF funding helps make telecommunications and broadband internet services available in rural and disadvantaged communities. Many carriers rely on Huawei for its high-quality, market-leading, and cost-effective equipment and services. Without access to those solutions, these carriers will lose their ability to provide reliable and high-speed telecommunications and internet services," Huawei said.

"Due to reduced competition in the market for telecommunications equipment, particularly in cutting-edge 5G networks, all Americans will pay higher prices for these critical services," it continued.



Posted in: ECONOMY,COMPANIES

blog comments powered by Disqus