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Huawei Calls Charge of Unfair Government Help 'Hogwash' 90

Posted by timothy
from the let's-call-it-industrial-policy-fellas dept.
itwbennett writes "Huawei's $30 billion credit line from the Chinese Development Bank gives it an unfair advantage over rivals, said U.S. Export-Import Bank Chairman and President Fred Hochberg in a speech Wednesday at the Center for American Progress in Washington, D.C. 'The reality is [that] opaque state-directed capital allows foreign governments to target their financing at specific sectors and companies, while aggressively grabbing market share in an attempt to dominate a market,' Hochberg said. Responding to the charges, a Huawei spokesman called the charge 'hogwash.'"
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Huawei Calls Charge of Unfair Government Help 'Hogwash'

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