if you know how much of the Uk telco network is made up of Huawei equipment?
security concerns anyone?
There is another cloud over Bain Capital and Huawei Technologies's takeover of 3Com - the US Congress committee into foreign ownership is extending its investigation into the offered buyout. In September Bain and Huawei agreed to pay $2.2bn for the networking company. Despite offering a premium of 44 per cent more than the …
Lets face it, here in the good ol' uk, like so many other countries, we_cant_ build anything anymore because we have shut all our factories, if from tomorrow we had to build a car, make a dvd player, we would have no chance.
Shot ourselves in the foot me thinks......
We now have a level of manufacturing tech on a par with dukes of hazzard or the A team.............
1) made in China (and designed there too) but nominally "owned" by a company listed as American owned (regardless of where the shareholder money actually comes from, which almost certainly isn't all in the USA)
2) made in China (and designed there too) and owned by a Chinese company.
Well one obvious non-technical difference is there's less of a market for US bean counters and the other highly paid low life that have been running/ruining the US economy for the last couple of decades, and less of a market for overpaid executives with the "fringe benefits" of dubious legality and certain immorality. And we can't have globalisation adversely affecting the senior suits as well as the former factory floor boys, can we?
Trebles all round, while we can still (on paper) afford it, before the world notices the US economy has been bankrupt for years, since long before "sub prime" hit the news.
The AC is right... if China were to call in all the US debt it owns, a lot of the US would go right down the toilet because China, along with Japan and some other Far East nations, are the biggest purchasers of US debt instruments.
As for the fourth comment by AC, yes, you're right... there is no big difference there... it's just plain good old protectionism as usual.
"The AC is right... if China were to call in all the US debt it owns, a lot of the US would go right down the toilet because China, along with Japan and some other Far East nations, are the biggest purchasers of US debt instruments."
Which, in turn, would crash their economy, because they need the US running to buy their nice, shiny, cheap stuff. All that manufacturing power wouldn't mean much if the major buyer of it doesn't have money.
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