Huawei Calls Charge of Unfair Government Help 'Hogwash'

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.'"

Then why wasn't the loan to GM unfair?

[tepples]

I don't see how a multibillion dollar government loan to Huawei is any different from a multibillion dollar government loan to Chevrolet. (Hey that rhymes!)