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Asia Times — New US sanctions threaten to cripple Chinese tech giant ZTE

Summary:
Long-time pundit of Chinese politics, Bill Bishop, whose newsletter is well-read among Washington China policy circles, wrote on Tuesday: “The ability of the US government to decimate a major Chinese tech firm by cutting off access to US components is another reminder to China, as the Snowden revelations were, that China cannot ensure information security until it completely de-Americanizes its information technology infrastructure and replaces it with indigenous products.” Asia TimesNew US sanctions threaten to cripple Chinese tech giant ZTE

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Long-time pundit of Chinese politics, Bill Bishop, whose newsletter is well-read among Washington China policy circles, wrote on Tuesday:
“The ability of the US government to decimate a major Chinese tech firm by cutting off access to US components is another reminder to China, as the Snowden revelations were, that China cannot ensure information security until it completely de-Americanizes its information technology infrastructure and replaces it with indigenous products.”
Asia Times
New US sanctions threaten to cripple Chinese tech giant ZTE

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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