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Media Report
January 17 , 2019
  • The New York Times reports, "Federal prosecutors in Seattle are investigating Huawei, the Chinese technology giant, on allegations of intellectual property theft, according to two people familiar with the case. The criminal investigation is related to a civil suit between Huawei, one of the world's largest telecommunications equipment and smartphone makers, and the telecom provider T-Mobile, according to the two people, who requested anonymity because they were discussing an active investigation. In that civil case, filed in 2014, Huawei was accused of stealing intellectual property related to a robot that T-Mobile used to diagnose quality control issues in mobile phones. A jury found Huawei guilty in May 2017. The criminal inquiry is looking at some of the same issues as the civil case, according to one of the people with knowledge of the investigation."
  • TIME reports, "China's economy czar, Vice Premier Liu He, will visit Washington on Jan. 30-31 for talks aimed at ending a costly tariff war over U.S. complaints about Beijing's technology ambitions. The announcement Thursday that the official in charge of the Chinese side of the negotiations will participate in person is a possible sign of progress following talks in Beijing this month between lower-level officials. Liu will visit Washington at the invitation of the U.S. Trade Representative, Robert Lighthizer, the Ministry of Commerce said. That suggested Lighthizer also might participate, a step economists said earlier would be a sign of determination to reach a settlement."
  • Reuters reports, "China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. The world's second-largest economy got off to a strong start in 2018, but pressure soon built as a crackdown on riskier lending pushed up borrowing costs and made it harder for smaller companies to get funding, spurring record bond defaults. At the same time, the escalating dispute with the United States saw both sides slap tariffs on each other's goods, disrupting China's trade sector and weighing on Chinese business and consumer confidence. Slowing demand global is heightening those export pressures."
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