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The CCP is requiring Chinese banks to fund Huawei customers with extremely cheap financing terms. So HW competes on their own terms - and apparently they are a
by jollybean 5y ago
The CCP is requiring Chinese banks to fund Huawei customers with extremely cheap financing terms.
So HW competes on their own terms - and apparently they are a good 'one stop shop' combined with the Chinese mentality of 'always saying yest to everything' - but then you add in hugely generous 'no money down' financing provided by entities acting in concert with foreign policy, and you have something awesome.
BT can rollout a massive new network while paying for it much later.
Arguably, this sort of financing should be regarded as a trade violation. There's nothing wrong with Chinese banks offering those terms, but when it's coordinated/mandated by the government, and, the Central Bank is politicized for this reason, it's a form of economic dumping.