Politicized Investment Fears
Source: Agencies |
November 19, 2011, Saturday
|
Print Edition
Print Edition
CHINA appealed to the United States yesterday to avoid politicizing investment after a congressional panel said it would look into whether Chinese technology firms operating in the US pose a "security threat."
Foreign Ministry spokesman Liu Weimin said Chinese companies operating abroad obey the law and act according to market principles. "We hope the US side will not politicize our economic cooperation," Liu said at a regular news briefing.
The US House of Representatives intelligence committee said on Thursday it will investigate whether allowing Chinese companies to expand in the US might aid Chinese "electronic spying." It cited Huawei Technologies Ltd and rival ZTE Corp, makers of telecommunications gear, as being among the companies to be examined.
The House panel said it will look into the role Chinese companies play in supplying components for US telecoms systems and whether access to those systems might allow foreign governments to gather information.
A US government report issued this month accused China and Russia of "systematically stealing" American high-tech and economic data. It said such cyber-attacks were increasing and were a "persistent threat" to US economic security.
Huawei, founded in the 1980s by a former Chinese army engineer, has grown into one of the world's biggest suppliers of telecoms gear. Its efforts to expand in the US have been hampered by security concerns.
Foreign Ministry spokesman Liu Weimin said Chinese companies operating abroad obey the law and act according to market principles. "We hope the US side will not politicize our economic cooperation," Liu said at a regular news briefing.
The US House of Representatives intelligence committee said on Thursday it will investigate whether allowing Chinese companies to expand in the US might aid Chinese "electronic spying." It cited Huawei Technologies Ltd and rival ZTE Corp, makers of telecommunications gear, as being among the companies to be examined.
The House panel said it will look into the role Chinese companies play in supplying components for US telecoms systems and whether access to those systems might allow foreign governments to gather information.
A US government report issued this month accused China and Russia of "systematically stealing" American high-tech and economic data. It said such cyber-attacks were increasing and were a "persistent threat" to US economic security.
Huawei, founded in the 1980s by a former Chinese army engineer, has grown into one of the world's biggest suppliers of telecoms gear. Its efforts to expand in the US have been hampered by security concerns.
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