A new report by AFP has highlighted that in its ongoing trade crisis with China, the United States wants to end all Chinese state aid and grants in favor of high-tech companies such as Huawei. The telecom giant has become a major flashpoint in the commercial war, as President Donald Trump continues to take steps to block the company's relationship with US companies.
Huawei's public records show that it has received hundreds of millions of dollars in grants, heavily subsidized countries to build facilities and apartments for loyal employees. Over the past 1
More than 100 of Huawei's top engineers have received bonuses through public programs from Shenzhen last year. Similarly, the city of Dongguan sold the pre-sale lake price to the firm to build up to 20,000 employee apartments around its campus.
"Below the market price of land sales, massive targeted R&D grants and more favorable export financing than what Huawei could get from the private sector, it appears to provide substantial subsidies that other countries can challenge in the WTO if they are harmful domestic companies. "Claire Reade, former Deputy US Trade Representative.
When asked about subsidized countries, a company spokeswoman said Huawei contributed to Dongguan's economic development and paid taxes.