China and the European Union have decided to bury the hatchet over subsidies made to telecoms giant Huawei and others.
The EU was worried that the government of China was subsidising Huawei and ZTE, so threatening European vendors’ ability to compete.
But, reports Reuters, EU trade commissioner Karel De Gucht said the telecoms matter has now been resolved.
De Gucht said that the EU takes every opportunity “to level out the playing field” for European vendors.
Both China and the European Union are expected to hammer out a free trade deal in the near future.
Huawei was started by a former member of the Chinese PLA. It has come under repeated criticism in the USA because of fears by some politicians that its gear is embedded in American infrastructure.
