China: Britain’s abandonment of Huawei will harm investment

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(MENAFN – Youm7) China said on Wednesday that the British Prime Minister’s ban on Huawei’s participation in the fifth generation network is frustrating, and that other Chinese companies have followed how to abandon the telecommunications giant, which is harmful to investment.

“Now I will say it was not only disappointing but also frustrating,” Chinese Ambassador Liu Xiaoping told the European Reform Center, adding that Britain had “simply abandoned the company.”

“Other Chinese companies are closely following the way of dealing with Huawei, and it will be difficult for other companies to feel confident to increase investments,” he added.

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