China’s Huawei to sell stake in undersea-cable unit

Chinese Vice Minister of Commerce Wang Shouwen during a press conference about China-US Trade issues at the State Council Information Office in Beijing

According to Huawei, they had been working on their own OS for the last seven years and further said that the production of the new operating system is far more than ready. It is sandwiched in the U.S. Well, the USA trade ban may prevent the company from achieving that, so Huawei is reassessing its plans, according to South China Morning Post. The move comes as a reprisal to President Trump's decision to punish China with increased duties on Chinese goods worth $200 billion, earlier this month.

A number of countries have also blocked Huawei from working on their mobile networks and companies have stepped away from the firm following the U.S. ban, citing legal requirements.

"Not only does this hurt the immediate bottom line of USA companies, it will simply lead to Huawei turning elsewhere for its supply needs to the long-term detriment of our technology sector", said Tor Ekeland, an attorney who specializes in defending hackers.

Paul Triolo, of the Eurasia Group (a worldwide risk valuation company), stated how they believe this might signify Beijing's initial efforts towards a retaliatory agenda.

According to a filing sent to the Shanghai Stock Exchange by Hengtong Optic-Electric, a Chinese optical telecommunications network provide, it will bebuying a 51 per cent stake in Huawei Marine Systems.

Huaweiis poised to sell its majority stake in a submarine cable company, amid pressure from the United States to blacklist the company over spying fears. China has an itching history of banning top tech giants of the United States, including Facebook and Google.

Corbyn to Speak at Protest of Trump’s State Visit to United Kingdom
Mr Corbyn went on to say: "And so in welcoming visitors from the United States, I hope there can be a conversation. The man, who said he was from London but did not want to be named, said he was "angry" to have been targeted.

The Trump administration has been leaning on allies to exclude Huawei from 5G networks. Let's wait and watch whether Huawei will be able to ride the storm or Apple and Samsung will end up benefitting from this situation.

"The US government has long branded Huawei as a threat".

Foreign media reports say that Huawei's smartphone shipments are expected to shrink by up to 24 percent this year due to sanctions by the usa administration.

However, as of yet, there is no concrete evidence that Huawei has been building "back-doors" to its products for the Chinese government. Betsy Cooper, a policy director at the Aspen Institute and a former DHS attorney, anxious we might be "entering a world in which big powers build their own technology in-house, and smaller states have to choose between them".

Looking at the bigger picture, it is possible that Huawei could be used as a centerpiece on U.S.

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