That executive summary, did not read the whole report yet, but that executive summary hits the nail right on its head.
However, that executive summary, is still dense material.
People who read it, won't understand it, which means they won't understand the report either, if they read that. LOL.
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Here's my attempt to explain the executive summary.
Imagine a network, your network of friends.
Why do we have a network of friends, so we have some opportunity, to socialize, to get something such as hockey game tickets, to do business or whatever.
The network, is opportunity.
The bigger the network, the more opportunity there is.
However, there are still conditions or limits. Suppose one friend on the network has an extra hockey ticket to the game, the first one to grab it, grabs it. But we got to be part of the network to do so, otherwise there is not a chance. If we are part of the network, if another friend got that ticket this time, then they probably owe us the courtesy when the next ticket comes along. The point is the same, being part of the network provides opportunity, and from hard work or circumstances you can be first in line.
That is what Huawei 5G fight against the US government was all about.
It was about building this network, and reaping opportunity from it.
The key point is, to build that damn 5G standalone network.
Since the US government was behind in this fight, they adopted two strategies.
ONE is to destroy or degrade Huawei capabilities from building the network.
TWO is to retain as many friends as possible so when their network is up and running, the United States will have many more friends on their network, because the bigger the network, the more opportunities.
Huawei has not been destroyed, Huawei is strong as ever and expanding. Only the phones took a hit, which will only be a temporary phenomenon.
Now with Huawei building this 5G network in countries in ASEAN, in Africa, in South America, in the Middle East, and even in Europe, this presents a real problem for the United States.
This Chinese network is gigantic and they built it first, meaning they will have a head start to commercialize any new ideas. The United States does not have one yet, they are barely on the new ideas stage.
Therefore, the Chinese, along with those nations who worked with Huawei, they all get to leverage the opportunity this network allows. While the United States sits and waits, thinking what it can do.
Since the United States wants nothing to do with Huawei, they shut themselves out of this network. They closed the door to their own opportunities, because they thought they could do it better themselves.
This 5G network, will bring things closer together, such as finance, such as factories (supply chains), such as people (TicTok selling goods on their channel).
Imagine the internet on super steroids. That is the hype of 5G, and that seems to be true.
That executive summary, talks about Australia, not being part of this network. It gives a couple of suggestions how that can be remedied.
While they do that, China and those who bought Huawei 5G gear to connect to the network, will race ahead, and reap the opportunity that the network gives.
