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The Story of Money

Encore: Huawei and the fight for 5G

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 26 February 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

The arrest of Meng Wanzhou, Huawei's chief financial officer, followed months of mounting scrutiny of the world's biggest telecoms equipment maker. The FT's Nic Fildes explains how Huawei grew to be such a big player, and why western intelligence officials are warning against working with the Chinese company on the next generation of mobile technology. This episode was originally published on December 18, 2018.

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Transcript

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0:00.0

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0:02.0

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0:04.0

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0:05.0

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0:08.0

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0:11.0

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0:12.0

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0:14.6

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0:16.5

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0:21.1

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0:23.0

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0:26.6

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0:27.7

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0:30.3

When Huawei's chief financial officer,

0:32.1

Meng Wanju was arrested in Vancouver on the 1st of December,

0:35.0

a technology battle between the US and China had been brewing.

0:39.0

The arrest was linked to her company's alleged dealing with Iran, a country the United States has strict sanctions

0:45.6

against.

0:46.6

The U.S. is also reportedly concerned that the Chinese government could be using Huawei's

0:51.4

networking technology to spy on Americans.

0:54.0

U.S. officials had spent much of the past year pleading with allies

0:58.0

about what they perceived to be a threat from China.

...

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