Huawei Trying to Turn IP Theft Accusations Around - Forex News by FX Leaders

Huawei Trying to Turn IP Theft Accusations Around

Posted Tuesday, September 3, 2019 by
Skerdian Meta • 1 min read

Huawei has been one of the main issues at the center of the trade war between US and China. The laws in China force foreign companies to transfer technology to Chinese partners, which in itself is not a a fair practice, and Huawei has benefited from those practices greatly.

They have also been blamed for intellectual property (IP) theft via cyber attacks on Western companies. One of their executives was arrested last year which escalated the trade and political war further between the two countries. But now, Huawei is blaming the US for cyber attacks. Here are some of the comments in an statement they have released:

  • US launched cyber-attacks against its systems
  • US government is trying to disrupt its normal operations
  • US instructed law enforcement to threaten its workers

So, the trade dispute goes beyond trade actually, but we already knew that. That’s why China wants to include Huawei in the trade deal so badly.

The risk sentiment has turned a bit negative right now. This issue will also be a drag on US-China talks which are planned for this month.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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