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China Asks USA To Avoid Politicising Investment

Submitted by LEADERSHIP EDITORS on November 22, 2011 - 5:03am

Imported User:

The Chinese government on Friday, appealed to Washington to avoid politicizing investment after a congressional panel said it would look into whether Chinese technology firms operating in the United States pose a security threat.

A foreign ministry spokesman, Liu Weimin, said Chinese companies operating abroad obey the law and act according to market principles.

“We hope the U.S. side will not politicize our economic cooperation,” Liu said at a regular news briefing.
According to newswire, the U.S. House of Representatives intelligence committee said Thursday it will investigate whether allowing Chinese companies to expand in the United States might aid Chinese electronic spying. It cited Huawei Technologies Ltd. and rival ZTE Corp., makers of telecommunications gear, as being among the companies to be examined.

The House panel said it will look into the role Chinese companies’ play in supplying components for U.S. telecoms systems and whether access to those systems might allow foreign governments to gather information.
A U.S. government report issued this month accused China and Russia of systematically stealing American high-tech and economic data. It said such cyberattacks were increasing and were a “persistent threat” to American economic security.

Huawei, founded in the 1980s by a former Chinese army engineer, has grown into one of the world’s biggest suppliers of telecoms gear. It efforts to expand in the United States have been hampered by security concerns.

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