Few companies better embody the promise and peril of China’s rise than Huawei. For nearly three decades, Huawei has steadily climbed towards the peak of the global telecommunications industry—first as a supplier of telecom infrastructure, then as a maker of smartphones, and more recently as a driving force behind Chinese ambitions in 5G, semiconductors, and artificial intelligence. Huawei’s ascent has also made it a prime target of U.S. sanctions, export controls, and political pressure. Sinc...
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Few companies better embody the promise and peril of China’s rise than Huawei. For nearly three decades, Huawei has steadily climbed towards the peak of the global telecommunications industry—first as a supplier of telecom infrastructure, then as a maker of smartphones, and more recently as a driving force behind Chinese ambitions in 5G, semiconductors, and artificial intelligence. Huawei’s ascent has also made it a prime target of U.S. sanctions, export controls, and political pressure. Sinc...
Stephen Fallon on how American regulators captured global banks. US authorities have taken advantage of the unique position of the dollar in the global economy to exercise significant control over the global financial system. When the U.S. introduces new financial regulations or sanctions regimes, global banks take notice, and tend to modify their behaviors to conform with American guidance. Stephen Fallon has spent his whole career dealing with the exigencies of US financial regulations. I...
The Sanctions Age
Few companies better embody the promise and peril of China’s rise than Huawei. For nearly three decades, Huawei has steadily climbed towards the peak of the global telecommunications industry—first as a supplier of telecom infrastructure, then as a maker of smartphones, and more recently as a driving force behind Chinese ambitions in 5G, semiconductors, and artificial intelligence. Huawei’s ascent has also made it a prime target of U.S. sanctions, export controls, and political pressure. Sinc...
