Huawei is the Rising Dragon of 5G
In the long run I actually think Brexit and Facebook stories pale in comparison to Huawei’s lingering narrative. This is because Huawei is at the center of the future of China’s rising technological dynasty vs. America’s stagnation of Silicon Valley.
In spite of what the UK calls significant security risks, the EU is choosing the side of Huawei over that of the U.S., and this is a pivotal moment in the history of technology. That is, there will be no blanket ban on Huawei’s 5G tech in Europe.
The E.U. has essentially ignored Trump’s US call for blanket ban on Huawei’s 5G gear in Europe. How powerful is Huawei? I guess your average American would have no clue, there’s a decent chance they would not know who or what Huawei even is.
Huawei is the global leader in 5G technology and the second biggest smartphone make behind Samsung. Huawei reported revenues on today on March 29th, 2019, that topped $100 billion for 2018 for the first time.
Huawei has been under increased international and political pressure and in the media spotlight in 2018–2019, yet Huawei is the global leader in how 5G will be rolled out.
The U.S. government has essentially banned Huawei from the U.S. The U.S. government has raised concerns that Huawei’s network gear could be used by the Chinese government for espionage. Huawei has repeatedly denied those allegations. But in the propaganda wars, cheaper and better tech will always win.
In global capitalism, it always boils down to consumer choice. Apple, Google and Facebook haven’t exactly been monopolies that have been good for fair competition. Apple in fact makes a substantial part of its revenue from sales in China. Google even was (likely still is) making a censored search product for China.
The EU is trying to deal with the dark side of technology, yet no country will want to be economically disadvantaged by not being on the cutting edge of new mobile network technology. American pressure only means so much in 2019, when China is the future for decades with a rising techno-economic influence that could realistically engulf Europe. I think Italy opening up to China’s New Silk Road points to this.
Huawei’s consumer business saw revenues for that division rising 45.1 percent year-on-year to reach 348.9 billion yuan. The rivalry between the U.S. and China means monopolies won’t be broken up, on the contrary they will become much more powerful in the next decade.
And just the overall scale of China and the higher population of South and South-East Asia means Chinese tech companies can scale that much faster and give rise to so many more competitors that means China will catch up and overtake the U.S. in business and technology rather easily before 2035. Increasingly American investors on Wall Street are also betting on Chinese tech firms.
Realistically it’s likely China that will lead the world in the wave of exponential tech and 4th industrial revolution companies in areas such as BioTech, Artificial Intelligence, Robotics, Blockchain and even more legacy areas such as mobile apps, IoT, the Cloud, Streaming TV, E-commerce and so forth.
In 46-page report evaluating Huawei’s security risks, British officials stopped short of calling for a ban of Huawei’s 5G telecommunications equipment. Australia and New Zealand have banned Huawei’s 5G tech, but it’s unlikely Canada, the UK or Germany will follow suit. This is because Huawei is tethered to the Chinese Government, and they literally take things personally.
If the U.S. is furthering surveillance capitalism with Ad-centric companies like Google & Facebook, China is doing the same with facial recognition and social credit systems that means not only censorship but communications monitoring. Chinese tech companies are obliged to cooperate with the Chinese Government.
Huawei is suing the U.S. over a law that bans government agencies from buying the firm’s equipment, claiming the legislation is unconstitutional. Meanwhile we know China has demonstrated a huge appetite in recent years for intellectual property theft that amounts to $Billions in R&D from strategic rivals. We know this is one of the deal breakers in the trade war negotiations. For China, state sponsored cyberhacking and IP espionage are fair game, it’s their M.O.
While some countries such as Germany have defied the U.S., others such as Australia and the United Kingdom have taken a cautious approach toward the company. Regardless, Huawei will lead the era of 5G. It’s a bit pointless to shoot down a single dragon, when it will soon be the game of thrones of technology and surveillance capitalism where China’s many dragons approach to building a technological dynasty will change the world as we know it.
If America can’t even regulate, monitor or break up its monopolies for the public good and the future of capitalism and fair competition. The international community will be powerless to do the same to Chinese companies that will become monopolies that dwarf Alphabet, Amazon and Apple and other G-MAFIA companies in the years and decades ahead.
Soon it’s going to be time to sing along.
Huawei is the Rising Dragon of 5G
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