US authorities have argued that using Huawei’s 5G equipment opens up countries to the possibilities of data being accessed by the Chinese state – TechnoMag

Tag: US authorities have argued that using Huawei's 5G equipment opens up countries to the possibilities of data being accessed by the Chinese state

Mr Ren retains a veto over key issues, including candidates for the board of directors and a supervisory board. The model for this, Mr Jiang explains, is partly that of the British constitutional monarch. He says the veto is designed to be a "deterrent and constraint" rather than to be regularly exercised. Mr Jiang joined the company in 1989, two years after it was founded, when it consisted of only about 40 staff. He says the employee-ownership model came about to bring in capital as well as to attract and retain staff, and has allowed Huawei to focus on long-term research and development.

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US sanctions damage Huawei

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By Ross MoyoApril 1, 20210

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