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US probes Huawei and ZTE’s expansion plans

18 October 2012

Efforts by Huawei and ZTE (000063:SZ), two Chinese telecommunication equipment manufacturers, to break into the American market have hit an obstacle in the form of a draft report from a US congressional committee labelling the companies as threats to US security, who should be restricted from doing business in the country. The report also recommends that any mergers or acquisitions involving the companies be probed. Given the impending US presidential election, the move has been viewed with suspicion in China as being less to do with Chinese companies conforming to specific American legislation and more to do with the universally opportunistic nature of politicians. 

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