Decision to Ban Huawei Could Impact UK-China Trade Relationship: Chinese Ambassador

If the British government bans Huawei from developing 5G networks, it could impact the trade relationship between China and the UK

Huawei

China’s ambassador to London has warned that if the British government bans Huawei from developing 5G networks, it could impact the trade relationship between China and the UK. Ambassador Liu Xiaoming made these remarks while speaking to the BBC, adding that banning Huawei will send a “very bad message” to other Chinese businesses as well.

In April, the British National Security Council had decided to block Huawei from participating in developing all core parts of 5G networks, and to give it restricted access to the development of non-core parts.

The cabinet of senior ministers was to take a final call on this decision, but their meeting has been delayed due to Theresa May’s resignation from the PM post.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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