As Britain is getting ready to impose an ‘Official’ ban on the use of Huawei’s equipment in its 5G infrastructure build, China has warned that the Boris Johnson led government will have to face retaliation in the coming days for the latest decision.
Experts say that China has the potential to attack digitally some companies like Range Rover, Jaguar, GlaxoSmithKline to create an economic crisis and political showdown in Britain in retaliation to Huawei ban.
Meanwhile, TikTok, a video-sharing website owned by ByteDance was initially planning to move its business to London by this year-end. But reports are now in that the firm has now shelved the plan due to British Govt’s non-cooperation in easing business rules for Chinese firms for doing business in the region.
Trade analysts stated that the business investment of £3 billion in Britain by TikTok could have created around 3K jobs if all transformed effortlessly. However, the situation changed drastically when Britain and Beijing suspended a business meeting due to the wider geographical context- as the latter accuses the former of acting in the influence of the Trump administration.
In the meantime, the attention of Britain’s media has shifted to a Chinese designed nuclear power station coming up at Bradwell, Essex.
Reports are in that some of Britain’s senior administration staff has recently inked a deal with General Nuclear Power Corporation based in Beijing to design and build a nuclear power station. And the agreement cannot be modified now as it can attract penalties and other legal hassles if the Chinese firm decides to sort things in court.
Tory MPs have already raised concerns over the deal before the agreement and are now warning the Johnson-led government about serious consequences if the deal turns into a reality, which is about to evolve as said in a few weeks.
The post China warns the UK of retaliation on Huawei Ban appeared first on Cybersecurity Insiders.
July 20, 2020 at 10:31AM
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