INSUBCONTINENT EXCLUSIVE:
claims, published on Christmas Day by the Wall Street Journal, continue to underline the acrimonious relationship between Huawei and the
US.The company recently complaining that it was being subjected to cyberattacks and staff harassment by US authorities, despite repeatedly
claiming its innocence.The WSJ claims that as well as claiming $46 billion in loans and credit as well as other direct state aid, Huawei's
work was also supplemented by tax breaks amounting to $25 billion
On top of these, land discounts of $2 billion were reported, along with $1.6 billion in other grants.According to a response published by
ZDnet, Huawei claims that any tax breaks and grants relate to $73 billion of research and development by the company
Additionally, it stated that it has not received preferential treatment by the Chinese government, and that Western companies establishing
themselves in China have also received similar grants and tax breaks.However, the US government is likely to take a dim view of the
situation, especially due to its opposition to state aid coupled with its currently acrimonious dealings with Chinese manufacturers, with
crippling tariffs on iPhones and other Chinese-made electronics averted at the last minute before Christmas.Additionally, while Huawei has
previously been declared a security risk by US intelligence due to perceived close connections between it and the Chinese government,
similar accusations have previously been made against tech giants such as Google, which was known to have employed workers from US national
security agencies.Via ZDnetKeep safe and anonymous online with the best VPN.
