{"id":13777,"date":"2012-05-28T12:10:54","date_gmt":"2012-05-28T10:10:54","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=13777"},"modified":"2012-05-28T12:40:58","modified_gmt":"2012-05-28T10:40:58","slug":"huawei-zte-faced-with-eu-telecoms-subsidies-case","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/13777\/huawei-zte-faced-with-eu-telecoms-subsidies-case\/","title":{"rendered":"Huawei, ZTE faced with EU telecoms subsidies case"},"content":{"rendered":"

The European Union<\/a> is set to launch a major trade case against China’s biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said.<\/p>\n

The EU told member states it had been gathering evidence for an anti-dumping case against Huawei Technologies Co Ltd<\/a> and ZTE Corp<\/a>, saying that they had obtained illegal government subsidies and sold products in the EU below cost, the newspaper said, quoting unidentified EU officials and executives.<\/p>\n

Once the EU determined that China was acting illegally, Huawei and ZTE, the world’s No.2 and No.5 telecom equipment makers, could be subject to punitive EU tariffs, the FT said.<\/p>\n

ZTE declined comment, while Huawei had no immediate comment.<\/p>\n

Huawei and ZTE compete globally in the telecom equipment business with European vendors such as Ericsson<\/a>, Alcatel-Lucent<\/a> and Siemens-Nokia<\/a>.<\/p>\n

Earlier in May, the EU’s Trade Commissioner Karel De Gucht said the EU was planning new trade defenses to counter subsidies and dumping by trading partners, such as China.<\/p>\n

China is the European Union’s second biggest trading partner after the United States and the bloc is China’s biggest trade partner, with trade between the two forecast to hit a record high of 500 billion euros ($397 billion) this year.<\/p>\n

But the relationship is tense. De Gucht has in the past complained that China subsidies “nearly everything”, making it hard to compete.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Union is set to launch a major trade case against China’s biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said.<\/p>\n","protected":false},"author":7,"featured_media":10620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,361,1635,2943,1466],"class_list":["post-13777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-europe","tag-huawei","tag-telecoms-subsidies","tag-zte-corp"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=13777"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13777\/revisions"}],"predecessor-version":[{"id":13782,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13777\/revisions\/13782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/10620"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=13777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=13777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=13777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}