George Osborne says UK open to investment from Huawei

Chancellor George Osborne has said that despite other western countries making it difficult for Huawei to do business abroad, such as the United States, Britain will remain open to investment from the Chinese networking giant.

Osborne is currently on a five-day trade trip to China and was delivering a speech to students at Peking University.

His comments come shortly after BT’s decision to use Huawei to help build its 21st Century Network was heavily criticised by the influential Parliamentary Intelligence and Security Committee. One of the main concerns surrounding the suitability of using Huawei as a provider for the UK’s national infrastructure is that questions remain as to what extent it is open to requests from the Chinese government.

However, Osborne dismissed the security concerns and said that Britain should build on its relationship with China in the field of technology.

SOURCE: cio.co.uk

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