Huawei. Just one day after the financial director, and daughter of the company's CEO, was arrested by Canada at the request of the US, a new country has announced that it will ban Chinese products in its government institutions. China and the local press vigorously attacked the USA for the decision to demand the arrest of the financial director of the Huawei company, the Chinese government demanding his immediate release, which of course will not happen, because the Americans have other plans in this war.
Huawei. However, although the US is being attacked by the Chinese for the decision to try to destroy the company, in order to subsidiarily attack the Chinese state, Japan has announced that it will ban Chinese products in government institutions. The decision made by Japan to ban Huawei products in government institutions comes a few months after a similar decision was made by the US government, so you can imagine how influential the Americans are.
Huawei. A NEW COUNTRY BANS Chinese Products
Huawei. The Japanese say that the decision to ban Chinese products in government institutions is based on the fact that they could be used by the Chinese state to spy on the country's citizens. Moreover, the Japanese seem to have had enough of the constant cyber attacks, which would also be related to the products of Huawei, so they will reorient themselves towards the equipment of other companies, the offer being very varied anyway, so they have a choice .
The rhetoric came as Japanese media reported that the country was effectively going to ban government purchases of telecommunications products from Huawei over fears of intelligence leaks and cyber attacks. The report follows a decision by the US this year to ban government purchases of Huawei gear.
Huawei. Basically, we see that the attacks are coming from all sides for the company, and I would not be surprised if today, or next week, we learn that other US allies, including from Europe, would announce that they are thinking of banning Chinese products. Huawei was seriously affected on the stock market following these actions supported by the US, and if things continue like this, then it is very possible that very soon we will see the first problems in sales for the company.
