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Chinese firms

India likely to block China's Huawei over security fears
Business & Finance

India likely to block China's Huawei over security fears

  • New Delhi is wary about awarding new technology business to Chinese firms both because of security fears and a desire to get Indian manufacturers to produce more telecoms equipment.
  • "We cannot prioritise economic gains if an investment poses national security risk," one of the officials said.
Updated 11 Mar, 2021 10:03pm
Smartphone giant Xiaomi reels as US ramps up China blacklist
Business & Finance

Smartphone giant Xiaomi reels as US ramps up China blacklist

  • Beijing hit back at the latest sanctions, accusing the US of "abusing state power" to crack down on Chinese companies "for no reason".
  • Xiaomi said in a statement that "it is not owned, controlled or affiliated with the Chinese military, and is not a 'Communist Chinese Military Company'".
Published 15 Jan, 2021 06:21pm