House panel wants U.S-China telecom mergers blocked
Source: Wash. post
The federal government should block mergers of U.S. firms with Chinese telecommunications companies suspected of ties to the Chinese government to lower the potential risk that such firms could serve as conduits for espionage, a congressional panel concluded.
The recommendation is one of several growing out of a nearly year-long investigation by the House Permanent Select Committee on Intelligence, which is set to issue its report Monday. The report accuses two major Chinese telecoms, Huawei and ZTE, of failing to cooperate fully with the panels probe into their operations and alleged ties to the Chinese government and military.
Huawei and ZTE have failed to assuage the committees significant security concerns presented by their continued expansion into the United States, the report said. In fact, given their obstructionist behavior, the committee believes addressing these concerns have become an imperative for the country.
The United States has become more vocal about the growing problem of economic cyber espionage, particularly by China. The U.S. intelligence community has publicly accused China of engaging in widespread cyber theft of corporate secrets. A report last fall by the Office of the Director of National Intelligence singled out Chinese actors as the worlds most active and persistent perpetrators of economic espionage.
Read more: http://www.washingtonpost.com/world/national-security/house-panel-wants-us-china-telecom-mergers-blocked/2012/10/07/9fad5aaa-0f60-11e2-bd1a-b868e65d57eb_singlePage.html
tawadi
(2,110 posts)But money will ultimately do the talking.
abelenkpe
(9,933 posts)Not worried about monopoly?
littlemissmartypants
(22,667 posts)aquart
(69,014 posts)Don't tell them.
JackN415
(924 posts)Nothing wrong to agree with them when they are right.
We disagree with republicans on domestic agenda and economic issues, but all must protect national interest and security.
There is a related thread: http://www.democraticunderground.com/1014259015
dmosh42
(2,217 posts)We were the leaders of the world 30 years ago, in communications technology, but the 'rich' decided they could get slave labor to do the manufacturing, allowing them to extract much more in profits. They could care less about American security!
YBR31
(152 posts)Bain partnered with Huawei a few years ago. Google it. Would Romney really be tough on China if his money and friends' business interests are tied up in Chinese investments? What was Bain doing trying to help give this shadowy company more of a foothold in the US.
2Design
(9,099 posts)and moved jobs over seas
companies like willard's have been doing this for years - major corporations who have gotten government funding - all thos h1b visas went to training other countries
IDemo
(16,926 posts)I'm not sure that even Congress will have the power to prevent Huawei and other foreign companies from doing business here, regardless of the risks.