US sanctions on China’s Huawei spell trouble for Shenzhen economy

//US sanctions on China’s Huawei spell trouble for Shenzhen economy

US sanctions on China’s Huawei spell trouble for Shenzhen economy

When Ren Zhengfei, a former officer in the People’s Liberation Army, established Huawei in the Shenzhen special economic zone in 1987, the boomtown was still struggling to gain a meaningful spot in China’s economic landscape. It was dwarfed not only by neighbouring Hong Kong, but by other mainland Chinese cities.Few could have imagined then that four decades later the one-time fishing village would emerge as the poster child for Chinese economic development. Fewer still would have predicted…

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By | 2020-08-30T23:00:13+00:00 August 30th, 2020|Business|Comments Off on US sanctions on China’s Huawei spell trouble for Shenzhen economy