Facebook Pixel Economic enemies | Financial Express Pune - newspaper - Lee esta historia en Magzter.com
Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

Economic enemies

Financial Express Pune

|

April 20, 2025

A corporate biography becomes a narrative of the global tech war

- RISHI RAJ

VA DOU'S HOUSE of Huawei arrives at a moment of intense global reordering, where technology, geopolitics and economic nationalism collide.

The timing of this book couldn't be more significant. It enters the public discourse in the aftermath of the US-China trade war that intensified under Donald Trump's presidency. However, much before Trump's rhetoric—steeped in claims that the world had taken unfair advantage of the US by imposing steep tariffs on its goods—took centrestage, the standoff with Huawei had peaked, with consequences for the company.

At the heart of the book is a nuanced and well-researched chronicle of how this once obscure telecom firm, founded by a former People's Liberation Army engineer Ren Zhengfei, evolved into a global technology behemoth. But more than just a corporate biography, the book operates as a narrative lens of the global tech war, one that straddles national security, surveillance, trade policy, and the ideological rift between liberal democracies and authoritarian capitalism.

The attack on Huawei was a result of not only a strategic threat, but also a competitive one. Huawei's meteoric rise, powered by low prices, aggressive innovation, and strong state backing, allowed it to beat American and European rivals in global telecom markets. By the mid-2010s, it was leading the world in telecom infrastructure deployment. That success, ironically, sealed its fate.

The flashpoint came in December 2018, when Canadian authorities arrested Meng Wanzhou, Huawei's CFO and Ren's daughter, at the behest of the US department of justice. Charged with violating sanctions against Iran, her detention sparked a diplomatic firestorm and tit-for-tat arrests by China, underscoring how deeply entangled Huawei had become in global geopolitics.

MÁS HISTORIAS DE Financial Express Pune

Financial Express Pune

Airtel earmarks ₹20K cr for digital lending

BHARTI AIRTEL PLANS to scale up its non-banking financial company (NBFC) subsidiary Airtel Money with a capital infusion of ₹20,000 crore over the next few years, according to an announcement by the telecom major on Monday.

time to read

1 min

February 24, 2026

Financial Express Pune

'Gilt funds offer a strong tactical opportunity'

Investors can take a tactical call on gilt funds due to attractive spreads, believes Vikas Garg, head — fixed income at Invesco Mutual Fund.

time to read

2 mins

February 24, 2026

Financial Express Pune

Luxury MPVs enter the fast lane

Sales in the ₹60-lakh-plus segment surge fivefold since 2020

time to read

2 mins

February 24, 2026

Financial Express Pune

Airtel arm, US NGO to roll out AI tools for teachers

BHARTI AIRTEL FOUNDATION has partnered with US-based nonprofit CK-12 Foundation to roll out over 45 Al-enabled tools for teachers through its digital platform, TheTeacherApp.

time to read

1 min

February 24, 2026

Financial Express Pune

US deal alone can’t ease global turmoil: FM

SHEADDED THAT

time to read

1 mins

February 24, 2026

Financial Express Pune

India braces for Hormuz shock

e Russian crude may return to play, feel analysts

time to read

3 mins

February 24, 2026

Financial Express Pune

LTIMindtree inks $100-mn deal with Europe firm

IT SERVICES COMPANY LTIMindtree on Monday said it has secured a $100-million, seven-year deal with a Europe-based medical technology company that provides hearing solutions.

time to read

1 min

February 24, 2026

Financial Express Pune

GDP likely grew 7.35% in Q3: FE poll

INDIA'S ECONOMY LIKELY recorded a growth rate of around 7.35% in the October-December quarter (Q3) of FY26, according to a Financial Express poll of economists.

time to read

2 mins

February 24, 2026

Financial Express Pune

Will capping credit card interest rates help?

The federal cap that Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees it would be good for Americans

time to read

3 mins

February 24, 2026

Financial Express Pune

Corruption, bribe are Stalin’s real friends, alleges Vijay

TVK FOUNDER Vijay on Monday stepped up his attack on Tamil Nadu Chief Minister MK Stalin ahead of the high-stakes Assembly polls, alleging that the DMK president’s real friends were “bribery and corruption,’ and asserted that the upcoming elections were “a war between Vijay and Stalin”.

time to read

1 min

February 24, 2026

Listen

Translate

Share

-
+

Change font size