SINGAPORE (Mar 4): Engage, exclude or enrage? The 3Es summarise policy approaches to China. Australia adds a dangerous fourth E to the list — entitlement — and this impacts companies that have been foreign investment portfolio favourites.
Exclude is an apt description of the political pressure applied to nobble competition. This includes suggesting that superior Chinese development in fields as diverse as artificial intelligence (AI), 5G, the Internet of Things and solar technology is a result of IP theft, and that this poses an ill-defined security threat. Many business leaders regard the concerted attack on Huawei Technologies as motivated primarily by commercial, not security, considerations.
US President Donald Trump has indicated he may drop the charges against Huawei’s detained executive, and that he may even lift the government ban on the use of Huawei products, if China trade negotiations go well.