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Home Economic, Financial news

Pompeo says world should have eyes wide open about Chinese tech risks

Renton Campoy by Renton Campoy
August 11, 2024
in Economic, Financial news
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Pompeo says world should have eyes wide open about Chinese tech risks
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Pompeo says world should have eyes wide open about Chinese tech risks© Reuters. U.S. Secretary of State Mike Pompeo speaks to the media at the Department of Foreign Affairs in Pasay City

MANILA (Reuters) – U.S Secretary of State Mike Pompeo said on Friday that the world should be “eyes wide open” about the risks of using Chinese technology, and that there could be problems for American firms operating in certain places where Huawei equipment was deployed.

Pompeo was asked during a visit to Manila about the prospect of the Philippines using Huawei 5G technology in future as it seeks to modernize outdated telecoms infrastructure.

“Our task has been to share with the world the risks associated with that technology: the risks to the Philippine people, the risk to Philippine security, the risk that America may not be able to operate in certain environments if there is Huawei technology adjacent to that,” he told a news conference.

“We want to make sure that the world has their eyes wide open as to the risks of having that technology to be part of infrastructure, backbone or networks.”

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The U.S. government has been piling pressure on Huawei, the world’ s biggest telecommunications equipment maker and trying to prevent American firms from buying Huawei routers and switches, as well as advising allies to do the same.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Tags: financial marketsFUTURESICEITCPhilippines
Renton Campoy

Renton Campoy

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