Source: Foundation for Economic Education
by Daniel J Mitchell
“For years, China’s control of the 5G and AI future seemed unstoppable. Backed by the Chinese state, Huawei — which is labeled a Chinese military company by the Department of Defense — embedded itself across global telecommunications networks, undercut competitors with pricing subsidized by China’s government, and expanded its footprint in everything from 5G infrastructure to enterprise networking equipment. Western governments warned about the security risks, but many markets ignored them. However, something unexpected is now happening, even inside China. Chinese consumers, once encouraged to buy Huawei products as a patriotic duty, are becoming increasingly skeptical of the company.” (01/27/26)