China bemoans US ‘bullying’ of Huawei

US President Donald Trump’s move effectively bans American companies from supplying Huawei and affiliates with critical components over activities that are contrary to its national security or foreign policy interests. (AFP)
Updated 23 May 2019
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China bemoans US ‘bullying’ of Huawei

  • The trade spat between US and China escalated after President Donald Trump issued orders last week on grounds of national security
  • Trump’s move effectively bans US companies from supplying Huawei and affiliates with critical components

BEIJING: China’s foreign minister has slammed US moves against telecom giant Huawei as “economic bullying,” and warned that Beijing was ready to “fight to the very end” in its trade war with Washington.
The trade spat between the world’s top two economies escalated after President Donald Trump issued orders on grounds of national security last week that have prompted several foreign firms to distance themselves from Huawei.
“The US use of state power to arbitrarily exert pressure on a private Chinese company like Huawei is typical economic bullying,” Foreign Minister Wang Yi said Wednesday at a meeting in Kyrgyzstan of the Shanghai Cooperation Organization (SCO), a regional security group led by Beijing and Moscow.
Trump’s move effectively bans US companies from supplying Huawei and affiliates with critical components over activities the US says are contrary its national security or foreign policy interests.
Japan’s Panasonic announced on Thursday that it was cutting back business with Huawei in light of the US ban. A day earlier, mobile carriers in Japan and Britain said they would postpone the release of Huawei smartphones.
“Some people in the United States do not want China to enjoy the legitimate right to develop, and seek to impede its development process,” Wang said, according to a foreign ministry statement issued late Wednesday.
“This extremely presumptuous and egocentric American approach is not able to gain the approval and support of the international community.”
The two countries have yet to set a date to recommence trade negotiations after they resumed their tariffs battle earlier this month, with Trump raising punitive duties on $200 billion in Chinese goods and Beijing hiking those on $60 billion in American products.
Trump has accused China of reneging on its commitments in the trade negotiations. Beijing has countered that any deal needs to be balanced.
“It is impossible for us to sign or recognize an agreement that is unequal,” Wang said.
“If the United States is willing to negotiate on an equal footing, then on the Chinese side, the door is wide open. But if the United States opts for a policy of maximum pressure, then China will take them on and fight to the end,” he said.


Lebanon’s Hariri calls for cabinet solidarity in budget debate

Updated 48 min 35 sec ago
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Lebanon’s Hariri calls for cabinet solidarity in budget debate

  • The PM said cabinet ministers need to be united and responsible
  • Lebanon’s debt is almost 150% of its GDP
BEIRUT, June 18 : Lebanon Prime Minister Saad Al-Hariri on Tuesday called for parliament to quickly approve the country’s 2019 budget and urged his coalition government to avoid internal disputes.
The cabinet this month agreed a budget plan that shrinks the projected fiscal deficit by 4 percentage points from last year to 7.6% by cutting spending and raising taxes and other fees.
“What I want during the debate is for us to be responsible and united, and not contradictory,” Hariri said in a statement, addressing cabinet ministers as to their comportment during the parliament debate.
Parliament’s finance committee is debating the draft budget and has suggested amendments, local newspapers reported. It will then put the budget to the full assembly to ratify it.
Parliament is mostly composed of parties that are also present in the coalition government and which supported the budget there.
Since the budget was agreed there have been fierce arguments between parties in the coalition over several subjects, though these have not targeted the budget.
Lebanon has one of the world’s heaviest debt burdens, equivalent to about 150% of GDP, and the International Monetary Fund has urged it to cut spending.
“We have held 19 cabinet meetings to agree on this draft budget and these sessions were not for fun, but for deep, detailed debate over every clause and every idea,” Hariri said.
“For this reason, I consider it the responsibility of each of us in government to have ministerial solidarity...to defend in parliament the decision that we have taken together,” he added.
After the 2019 budget is agreed, the cabinet must quickly start working on the 2020 budget and on approving the first phase of a program of investments toward which foreign donors have offered $11 billion in project financing. (Reporting by Angus McDowall, editing by Ed Osmond)