Money Talks: No Huawei
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 14 July 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
Britain has announced plans to ban Huawei from its 5G networks over security concerns, following pressure from America. How will this change the way Chinese tech firms operate in the West? The row is one sign relations between America and China are going from bad to worse; what does that mean for their trade agreement? And, is a slow bull emerging in China's stockmarkets? Simon Long hosts
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Transcript
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| 0:00.0 | Do you hear that? |
| 0:05.0 | It might sound like nothing to you, |
| 0:07.0 | but it's actually the sound of nuclear, wind and solar energy. |
| 0:11.0 | At EDF, we're busy generating more British zero carbon |
| 0:14.8 | electricity than anyone to help keep future energy costs down for everyone and |
| 0:19.1 | help cut UK carbon emissions to nothing. Sound good to you? Find out more about our |
| 0:24.8 | zero carbon generation at edf energy.com slash helping Britain. Britain has announced plans to strip technology made by Huawei from its 5G network. |
| 0:43.0 | What does this mean for the future of the Chinese company? |
| 0:48.0 | Hello, you're listening to Money Talks on Economist Radio, |
| 0:51.0 | our weekly podcast on the markets, the economy and the world of business. |
| 0:55.8 | I'm Simon Long, an editor of The Economist, and coming up on today's show |
| 1:02.0 | is a phase two trade deal between China and America really off the table. |
| 1:06.5 | Given all the turmoil out there in the world the Trump administration is probably |
| 1:11.3 | going to want to avoid things that |
| 1:13.0 | royal the markets even further. And a slow bull in the China shop? The most beautiful |
| 1:19.7 | sound you could have after the pandemic is the sound of you know the bulls |
| 1:23.6 | stampeding through the markets. First, the British government has today confirmed that the country will ban Huawei from its 5G network. |
| 1:47.0 | From the end of this year, telecoms operators must not buy any 5G equipment from Huawei. We have concluded that it is necessary and indeed |
| 1:56.0 | prudent to commit to a timetable for the removal of Hawaii equipment from our 5G |
| 2:01.5 | network by 2027. |
| 2:04.0 | Britain is one of many countries in the West debating how much access Huawei should have to telecoms networks. |
| 2:10.0 | Up until now, the government had resisted pressure from America and from some British MPs to ban Huawei outright, |
... |
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