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Media Report
March 14 , 2019
  • Reuters reports, "China's Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing. Huawei, the world's largest telecommunications equipment maker, was charged with bank and wire fraud, violating sanctions against Iran and obstructing justice. The company's chief financial officer, Meng Wanzhou, was arrested in December in Canada on charges in the indictment, which was not unsealed until January. She has said she is innocent of the charges and is fighting extradition. At the arraignment in U.S. District Court in Brooklyn, James Cole, a U.S. lawyer for Huawei, entered the plea on behalf of the company and its U.S. subsidiary."
  • The Washington Post reports, "China responded to new U.S. allegations of widespread human rights abuses with its own accusations of prejudice and interference, saying Thursday that Washington should drop its 'Cold War mentality' and stop interfering in China's internal affairs. In presenting the annual U.S. State Department report on human rights around the world, U.S. Secretary of State Mike Pompeo said Wednesday that China 'is in a league of its own' when it comes to human rights abuses, citing mass detentions of an estimated 1 million Muslims and the repression of Christians, Tibetans and other religious minorities. At a daily briefing, Chinese foreign ministry spokesman Lu Kang dismissed the report as similar to those of previous years and 'full of ideological prejudice.' He said China hoped the U.S would 'also take a good look at its own human rights record.'"
  • Bloomberg reports, "Airlines worried about buying from Boeing Co. have another supplier besides Airbus SE to choose from: the Chinese government. The state-owned Commercial Aircraft Corp. of China, or Comac, is building the C919, a narrowbody passenger plane with a capacity of about 170 that the company says has more than 800 orders worldwide. It will compete with the Boeing 737 Max 8—as well as the Airbus 320neo—as part of Chinese President Xi Jinping's ambitious gamble to build an aerospace industry from scratch and break Western companies' grip on the skies. China grounded the Max 8 within hours of the Ethiopian Airlines crash, leading a global wave of suspensions. 'These kinds of events provide an opportunity for Comac to get their foot in the door,' says Chad Ohlandt, a senior engineer at Rand Corp. in Washington."

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