ZTE's Chief Financial Officer, Wei Zaisheng, came close to calling the U.S. government's business practices unfair in a recent interview. Last year, ZTE was bidding for a contract to supply networking equipment to Sprint Nextel. Fellow Chinese competitor Huawei was also taking part in that bid. Close to the vote, U.S. lawmakers sent a letter to the Federal Communications Commission voicing concerns about ZTE's and Huawei's ties to the Chinese government. They contended that state-backed businesses should not have access to vital U.S. assets, such as its communications systems. "We are concerned that Huawei's [and ZTE's] position as a supplier of Sprint Nextel could create substantial risk for U.S. companies and possibly undermine U.S. national security," they stated. In an interview with the Wall Street Journal, Mr. Wei said, "For Sprint last year, we should have had the qualifications to become their key partner. The government should promote a fair, equitable, normal and free commercial environment, and it shouldn't interfere." ZTE has aggressive plans for growth worldwide, including the U.S. market.
China is near being the new superpower of the world. There is a fear growing in the minds of some Americans of this reality that is causing the Chinese to be as feared as the Muslims are now. Only, rather than being feared of being terrorized and killed, they are fearful of losing their jobs, etc. I don't understand why China can't have a say in the market, yet are able to sell phones? What about other foreign companies like Sony, Nissan, Toyota, Mitsubishi, BMW, Sony Ericsson, Mercedes, Volkswagon, T-Mobile, Verizon Wireless...they all have international ties, and many don't share the same government policies as we do. Other than some fear of being number 2, what is wrong with the situtation?
i guess you have a point, but china already owns BILLIONS of dollars in U.S. government bonds. basically, they've already invested billions of dollars into our country. you know that huge national debt we have? yeah, a lot of that is owed to china. wa... (continues)