Just a convenient excuse to cater to corporate and big money special interests at the expense of the rest of the US.
Trade War with China
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Just a convenient excuse to cater to corporate and big money special interests at the expense of the rest of the US.
Hendrik_2000
Lieutenant General
The casualty of trade war But farmer know what they are getting into. It is your heart or your pocket Well they choose their heart
Harvesting in a trade war: U.S. crops rot as storage costs soar
,
(Reuters) - U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.
FILE PHOTO: Eric Honselman opens a shed which holds 75,000 bushels of corn he was forced to store after his regular bins were filled to capacity with corn and soybeans on the family farm in Casey, Illinois, U.S., October 25, 2018. REUTERS/Mark Weinraub
For Louisiana farmer Richard Fontenot and his neighbors, the solution was a costly one: Let the crops rot.
Fontenot plowed under 1,000 of his 1,700 soybean acres this fall, chopping plants into the dirt instead of harvesting more than $300,000 worth of beans.
His beans were damaged by bad weather, made worse by a wet harvest. Normally, he could sell them anyway to a local elevator - giant silos usually run by international grains merchants that store grain.
But this year they aren’t buying as much damaged grain. The elevators are already chock full.
“No one wants them,” Fontenot said in a telephone interview. As he spoke, he drove his tractor across a soybean field, tilling under his crop. “I don’t know what else to do.”
Across the United States, grain farmers are plowing under crops, leaving them to rot or piling them on the ground, in hopes of better prices next year, according to interviews with more than two dozen farmers, academic researchers and farm lenders. It’s one of the results, they say, of a U.S. trade war with China that has sharply hurt export demand and swamped storage facilities with excess grain.
In Louisiana, up to 15 percent of the oilseed crop is being plowed under or is too damaged to market, according to data analyzed by Louisiana State University staff. Crops are going to waste in parts of Mississippi and Arkansas. Grain piles, dusted by snow, sit on the ground in North and South Dakota. And in Illinois and Indiana, some farmers are struggling to protect silo bags stuffed with crops from animals.
U.S. farmers planted 89.1 million acres of soybeans this year, the second most ever, expecting China’s rising demand to give them better returns than other bulk crops.
But Beijing slapped a 25 percent tariff on U.S. soybeans in retaliation for duties imposed by Washington on Chinese exports. That effectively shut down U.S. soybean exports to China, worth around $12 billion last year. China typically takes around 60 percent of U.S. supplies.
The U.S. government rolled out an aid program of around the same size - $12 billion - to help farmers absorb the cost of the trade war. As of mid-November, $837.8 million had been paid out.
Some of that money will pass from farmers to grain merchants such as Archer Daniels Midland Co () and Bunge Ltd (), who are charging farmers more to store crops at elevators where there is limited space. Bunge and ADM did not respond to requests for comment on storage fees.
The storage crunch and higher fees have boosted revenues at grain elevator Andersons [ANDE.O], Chief Executive Officer Pat Bowe said in an interview.
“It’s paying a grain handler to store - it’s the old-fashioned way to make money,” Bowe said.
These are also boom times for John Wierenga, president of grain storage bag retailer Neeralta. Sales of their bags - white tubes up to 300 feet now littering Midwest fields - are up 30 percent from a year ago.
“The demand has been huge,” Wierenga said. “We are sold out.”
HIGHER FEES
Farmers are feeling the pinch. Those in central Illinois could pay up to 40 percent more than in previous years to store crops over the coming weeks, agricultural consultant Matt Bennett estimated.
That amounts to between 3 cents to 6 cents a bushel, Bennett said, a painful expense for a crop that was already expected to deliver little income to farmers.
Storage rates are swinging wildly, depending on the elevator location. Grain dealers at rivers typically charge more than their inland counterparts because they are more dependent on export markets.
At some Midwest river terminals, farmers were paying 60 cents a bushel to store soybeans until the end of the year - more than twice as much as a year ago. Some commercial terminals are charging farmers to just drop off their soybeans.
The trade war has only exacerbated the strain on storage, which has been a persistent problem in recent years due largely to a worldwide oversupply of grains.
Apple gives stocks the holiday blues
Even before this fall’s harvest, around 20 percent of total grain storage available in the U.S. was full with corn, soybeans and wheat from previous harvests, according to the U.S. Department of Agriculture. That was the highest in 12 years for this time of year.
Some grain merchants are also charging additional fees for farmers who deliver less-than-perfect soybeans, said Russell Altom, a soybean farmer and senior vice president of agricultural lending at Relyance Bank in Pine Bluff, Arkansas.
“I’ve never seen things this bad,” Altom said. “I know several farmers who hired lawyers, to see if they can sue over the pricing and fees issues.”
Eric Maupin, a farmer in Newbern, Tennessee, said he was facing so-called dockage rates of between 60 cents at $1.20 per bushels at Bunge Elevators in his area - more than three times as high as a year ago.
“Damage can be anything - a split bean, one that’s too small, one that’s too big - whatever,” Maupin said.
Some farmers are pulling farm equipment out of barns to make room for the overflow of grains.
After packing nearly half a million bushels of corn and soybeans in their usual steel bins, Terry Honselman and his family found some additional space in 35-year-old shed on their Casey, Illinois, farm.
Most years, the building protects farm equipment and bags of seed. Now, it is stuffed with 75,000 bushels of corn.
Like others, Honselman is banking on a resolution to the trade war before this spring - when he says he will need the space back for his planting supplies.
Harvesting in a trade war: U.S. crops rot as storage costs soar
,
(Reuters) - U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.
FILE PHOTO: Eric Honselman opens a shed which holds 75,000 bushels of corn he was forced to store after his regular bins were filled to capacity with corn and soybeans on the family farm in Casey, Illinois, U.S., October 25, 2018. REUTERS/Mark Weinraub
For Louisiana farmer Richard Fontenot and his neighbors, the solution was a costly one: Let the crops rot.
Fontenot plowed under 1,000 of his 1,700 soybean acres this fall, chopping plants into the dirt instead of harvesting more than $300,000 worth of beans.
His beans were damaged by bad weather, made worse by a wet harvest. Normally, he could sell them anyway to a local elevator - giant silos usually run by international grains merchants that store grain.
But this year they aren’t buying as much damaged grain. The elevators are already chock full.
“No one wants them,” Fontenot said in a telephone interview. As he spoke, he drove his tractor across a soybean field, tilling under his crop. “I don’t know what else to do.”
Across the United States, grain farmers are plowing under crops, leaving them to rot or piling them on the ground, in hopes of better prices next year, according to interviews with more than two dozen farmers, academic researchers and farm lenders. It’s one of the results, they say, of a U.S. trade war with China that has sharply hurt export demand and swamped storage facilities with excess grain.
In Louisiana, up to 15 percent of the oilseed crop is being plowed under or is too damaged to market, according to data analyzed by Louisiana State University staff. Crops are going to waste in parts of Mississippi and Arkansas. Grain piles, dusted by snow, sit on the ground in North and South Dakota. And in Illinois and Indiana, some farmers are struggling to protect silo bags stuffed with crops from animals.
U.S. farmers planted 89.1 million acres of soybeans this year, the second most ever, expecting China’s rising demand to give them better returns than other bulk crops.
But Beijing slapped a 25 percent tariff on U.S. soybeans in retaliation for duties imposed by Washington on Chinese exports. That effectively shut down U.S. soybean exports to China, worth around $12 billion last year. China typically takes around 60 percent of U.S. supplies.
The U.S. government rolled out an aid program of around the same size - $12 billion - to help farmers absorb the cost of the trade war. As of mid-November, $837.8 million had been paid out.
Some of that money will pass from farmers to grain merchants such as Archer Daniels Midland Co () and Bunge Ltd (), who are charging farmers more to store crops at elevators where there is limited space. Bunge and ADM did not respond to requests for comment on storage fees.
The storage crunch and higher fees have boosted revenues at grain elevator Andersons [ANDE.O], Chief Executive Officer Pat Bowe said in an interview.
“It’s paying a grain handler to store - it’s the old-fashioned way to make money,” Bowe said.
These are also boom times for John Wierenga, president of grain storage bag retailer Neeralta. Sales of their bags - white tubes up to 300 feet now littering Midwest fields - are up 30 percent from a year ago.
“The demand has been huge,” Wierenga said. “We are sold out.”
HIGHER FEES
Farmers are feeling the pinch. Those in central Illinois could pay up to 40 percent more than in previous years to store crops over the coming weeks, agricultural consultant Matt Bennett estimated.
That amounts to between 3 cents to 6 cents a bushel, Bennett said, a painful expense for a crop that was already expected to deliver little income to farmers.
Storage rates are swinging wildly, depending on the elevator location. Grain dealers at rivers typically charge more than their inland counterparts because they are more dependent on export markets.
At some Midwest river terminals, farmers were paying 60 cents a bushel to store soybeans until the end of the year - more than twice as much as a year ago. Some commercial terminals are charging farmers to just drop off their soybeans.
The trade war has only exacerbated the strain on storage, which has been a persistent problem in recent years due largely to a worldwide oversupply of grains.
Apple gives stocks the holiday blues
Even before this fall’s harvest, around 20 percent of total grain storage available in the U.S. was full with corn, soybeans and wheat from previous harvests, according to the U.S. Department of Agriculture. That was the highest in 12 years for this time of year.
Some grain merchants are also charging additional fees for farmers who deliver less-than-perfect soybeans, said Russell Altom, a soybean farmer and senior vice president of agricultural lending at Relyance Bank in Pine Bluff, Arkansas.
“I’ve never seen things this bad,” Altom said. “I know several farmers who hired lawyers, to see if they can sue over the pricing and fees issues.”
Eric Maupin, a farmer in Newbern, Tennessee, said he was facing so-called dockage rates of between 60 cents at $1.20 per bushels at Bunge Elevators in his area - more than three times as high as a year ago.
“Damage can be anything - a split bean, one that’s too small, one that’s too big - whatever,” Maupin said.
Some farmers are pulling farm equipment out of barns to make room for the overflow of grains.
After packing nearly half a million bushels of corn and soybeans in their usual steel bins, Terry Honselman and his family found some additional space in 35-year-old shed on their Casey, Illinois, farm.
Most years, the building protects farm equipment and bags of seed. Now, it is stuffed with 75,000 bushels of corn.
Like others, Honselman is banking on a resolution to the trade war before this spring - when he says he will need the space back for his planting supplies.
Jura The idiot
General
Hendrik_2000
Lieutenant General
This is what Trump and cohort are afraid of China set standard. But it is going to happen anyway trade war or no trade war
Chinese telecom Huawei nets 5G contracts worldwide
Officials believe the entire industry is witnessing the arrival of a great era — one that will increase data connection capacity by 10 times
By ASIA TIMES STAFF NOVEMBER 22, 2018 7:26 AM (UTC+8)
Chinese major phone maker and telecom equipment manufacturer Huawei has signed 22 contracts with carriers around the world to commercialize 5G technology, reported.
In addition to the contracts, the company has also conducted 5G commercial testing with more than 50 operators worldwide. said Ding Yun, managing director of Huawei.
Ding believes the entire industry is witnessing the arrival of a great era — one that will increase data connection capacity by 10 times. The mobile communication industry will also gain historic development opportunities, Ding said.
In 2019, the first batch of 5G smartphones, including folding mobile phones, will be launched soon, which will bring the new 5G experience to users.
Economical choices of about a few thousand yuan will also be launched soon after 5G commercialization, the report said.
It is expected that the first wave of 5G commercial use will cover the market of one-third of the world’s population, and that scale far exceeds similar periods of 3G and 4G expansion.
Chinese telecom Huawei nets 5G contracts worldwide
Officials believe the entire industry is witnessing the arrival of a great era — one that will increase data connection capacity by 10 times
By ASIA TIMES STAFF NOVEMBER 22, 2018 7:26 AM (UTC+8)
Chinese major phone maker and telecom equipment manufacturer Huawei has signed 22 contracts with carriers around the world to commercialize 5G technology, reported.
In addition to the contracts, the company has also conducted 5G commercial testing with more than 50 operators worldwide. said Ding Yun, managing director of Huawei.
Ding believes the entire industry is witnessing the arrival of a great era — one that will increase data connection capacity by 10 times. The mobile communication industry will also gain historic development opportunities, Ding said.
In 2019, the first batch of 5G smartphones, including folding mobile phones, will be launched soon, which will bring the new 5G experience to users.
Economical choices of about a few thousand yuan will also be launched soon after 5G commercialization, the report said.
It is expected that the first wave of 5G commercial use will cover the market of one-third of the world’s population, and that scale far exceeds similar periods of 3G and 4G expansion.
I think the main idea was for USA multinational companies to repatriate the money they have stashed abroad (like Apple). However, to be honest, this could have easily been done with a tax holiday. No matter how low the tax gets it will always be lower somewhere else. In some cases it can be 0%:
A lot of US corporations have financial operations in Reno, Nevada for a couple years already because of tax and business law. In a way the US itself is a tax shelter. You just need to shop around for the right state or territory.
Quickie
Colonel
Some people may think that this has nothing to do with the trade war. In my opinion, the trade war angst has made Chinese consumers doubly sensitive to any kind of slight they see intentionally directed at them.
China Slaps Down Dolce & Gabbana in Fight Over Offensive Videos
Calls for a boycott against the label gained traction after a video campaign showed a Chinese model struggling to eat spaghetti with chopsticks -- a depiction that was criticized as racist and insensitive -- and incendiary messages purportedly from co-founder Stefano Gabbana’s Instagram account went viral.
It’s the latest backlash against a Western company’s marketing in China, whose consumers spent more than $100 billion on luxury purchases last year -- almost a third of the global total -- and are no longer willing to tolerate campaigns perceived as patronizing or disrespectful. As social media gives them a megaphone, brands ranging from LVMH’s to ’s Mercedes-Benz to apparel chain have been tripped up.
Cross-border e-commerce site Yangmatou late Wednesday night that it had taken 58,000 D&G products down, saying that “the Motherland is more important than anything else.” NetEase Inc. said all D&G items have been removed from its Kaola shopping platforms.
D&G was forced to a fashion show in Shanghai on Wednesday, hours before it was due to begin, as celebrities said they would not attend. A commentary on the WeChat account of China’s People’s Daily said the government issued a cancellation notice for the event and warned: “If one is not willing to understand China, eventually it will lose the China market and the benefits arising from China’s growth.”
The country’s consumers have become increasingly quick to call out brands for marketing they see as condescending, out of touch or racist. Some felt the D&G video played on Western stereotypes of Chinese tourists carrying chopsticks with them and struggling to eat Western cuisine -- even if they can afford designer clothing.
Social media users slammed Dior this summer when it posted a video featuring a Hong Kong fashion blogger going to a store and posing with a new handbag. Elsewhere in the world, the brand has a dreamier, less literal approach to marketing. The brand has also faced criticism for adding the Chinese social media star known as Angelababy -- often referred to as a would-be Chinese Kim Kardashian -- to its roster of brand ambassadors while its lineup of Western stars includes A-list silver-screen star Jennifer Lawrence.
earlier this year after quoting the Dalai Lama -- the Tibetan spiritual leader who’s seen as a threat by Beijing -- in a China-focused Instagram post. References to Taiwan and Tibet as nations in marketing or online material have also tripped up the likes of apparel chain Zara, hotel operator and Gap a T-shirt featuring a map of China that left out territories claimed by Beijing.
The latest erupted on Wednesday over an ad campaign featuring of a Chinese model in a red, sequined D&G dress struggling to eat Italian dishes like spaghetti and cannoli pastry with a pair of chopsticks. They featured traditional Chinese music and a suggestive voiceover from a male narrator, who asks the actress trying to eat the cannoli: “Is it too big for you?”
View of the backstage of THE GREAT SHOW for the Shanghai fashion show of Dolce & Gabbana on Nov. 21.
On Internet giant ’s Tmall shopping portal, a search for D&G in both English and Chinese returned no results, while a check of JD.com’s site also produced no D&G items. Alibaba and JD.com Inc. didn’t immediately respond to requests for comment, while Dolce & Gabbana didn’t immediately respond to a request for comment on the pulled items. The closely held brand has sales of almost 1 billion euros ($1.1 billion), according to Bloomberg data.
“Our dream was to bring to Shanghai a tribute event dedicated to China which tells our history and vision,” Gabbana and co-founder Domenico Dolce said in an emailed statement earlier. “What happened today was very unfortunate not only for us, but also for all the people who worked day and night to bring this event to life.”
D&G has been deserted by a growing list of celebrities in the fallout. Its ambassadors for the Asia Pacific region, including singer Karry Wang. “Crouching Tiger, Hidden Dragon” star Zhang Ziyi said that she would also boycott the brand.
Estelle Chen, a Chinese model who walked in this month’s Victoria’s Secret runway show, posted an Instagram that supported the scrapping of D&G’s show. “China is rich in its values, its culture and its people and they won’t spend a penny on a brand that does not respect that,” Chen wrote.
The videos were originally posted on Weibo, a Chinese microblogging service, and were deleted after a widespread uproar on social media. The clips could still be viewed on the company’s Instagram account.
The backlash intensified after screenshots of messages sent from co-founder Stefano Gabbana’s Instagram account leaked on the platform, including a message exchange that said the videos were posted “by my will.” Another message complained of a “China Ignorant Dirty Smelling Mafia,” according to a widely shared screenshot. The brand said in social media posts that its account and that of Gabbana had been hacked.
China Slaps Down Dolce & Gabbana in Fight Over Offensive Videos
- Italian luxury brand posted videos Chinese deemed offensive
D&G joins other Western brands that have tripped up in China
Calls for a boycott against the label gained traction after a video campaign showed a Chinese model struggling to eat spaghetti with chopsticks -- a depiction that was criticized as racist and insensitive -- and incendiary messages purportedly from co-founder Stefano Gabbana’s Instagram account went viral.
It’s the latest backlash against a Western company’s marketing in China, whose consumers spent more than $100 billion on luxury purchases last year -- almost a third of the global total -- and are no longer willing to tolerate campaigns perceived as patronizing or disrespectful. As social media gives them a megaphone, brands ranging from LVMH’s to ’s Mercedes-Benz to apparel chain have been tripped up.
Cross-border e-commerce site Yangmatou late Wednesday night that it had taken 58,000 D&G products down, saying that “the Motherland is more important than anything else.” NetEase Inc. said all D&G items have been removed from its Kaola shopping platforms.
D&G was forced to a fashion show in Shanghai on Wednesday, hours before it was due to begin, as celebrities said they would not attend. A commentary on the WeChat account of China’s People’s Daily said the government issued a cancellation notice for the event and warned: “If one is not willing to understand China, eventually it will lose the China market and the benefits arising from China’s growth.”
The country’s consumers have become increasingly quick to call out brands for marketing they see as condescending, out of touch or racist. Some felt the D&G video played on Western stereotypes of Chinese tourists carrying chopsticks with them and struggling to eat Western cuisine -- even if they can afford designer clothing.
Social media users slammed Dior this summer when it posted a video featuring a Hong Kong fashion blogger going to a store and posing with a new handbag. Elsewhere in the world, the brand has a dreamier, less literal approach to marketing. The brand has also faced criticism for adding the Chinese social media star known as Angelababy -- often referred to as a would-be Chinese Kim Kardashian -- to its roster of brand ambassadors while its lineup of Western stars includes A-list silver-screen star Jennifer Lawrence.
earlier this year after quoting the Dalai Lama -- the Tibetan spiritual leader who’s seen as a threat by Beijing -- in a China-focused Instagram post. References to Taiwan and Tibet as nations in marketing or online material have also tripped up the likes of apparel chain Zara, hotel operator and Gap a T-shirt featuring a map of China that left out territories claimed by Beijing.
The latest erupted on Wednesday over an ad campaign featuring of a Chinese model in a red, sequined D&G dress struggling to eat Italian dishes like spaghetti and cannoli pastry with a pair of chopsticks. They featured traditional Chinese music and a suggestive voiceover from a male narrator, who asks the actress trying to eat the cannoli: “Is it too big for you?”
View of the backstage of THE GREAT SHOW for the Shanghai fashion show of Dolce & Gabbana on Nov. 21.
On Internet giant ’s Tmall shopping portal, a search for D&G in both English and Chinese returned no results, while a check of JD.com’s site also produced no D&G items. Alibaba and JD.com Inc. didn’t immediately respond to requests for comment, while Dolce & Gabbana didn’t immediately respond to a request for comment on the pulled items. The closely held brand has sales of almost 1 billion euros ($1.1 billion), according to Bloomberg data.
“Our dream was to bring to Shanghai a tribute event dedicated to China which tells our history and vision,” Gabbana and co-founder Domenico Dolce said in an emailed statement earlier. “What happened today was very unfortunate not only for us, but also for all the people who worked day and night to bring this event to life.”
D&G has been deserted by a growing list of celebrities in the fallout. Its ambassadors for the Asia Pacific region, including singer Karry Wang. “Crouching Tiger, Hidden Dragon” star Zhang Ziyi said that she would also boycott the brand.
Estelle Chen, a Chinese model who walked in this month’s Victoria’s Secret runway show, posted an Instagram that supported the scrapping of D&G’s show. “China is rich in its values, its culture and its people and they won’t spend a penny on a brand that does not respect that,” Chen wrote.
The videos were originally posted on Weibo, a Chinese microblogging service, and were deleted after a widespread uproar on social media. The clips could still be viewed on the company’s Instagram account.
The backlash intensified after screenshots of messages sent from co-founder Stefano Gabbana’s Instagram account leaked on the platform, including a message exchange that said the videos were posted “by my will.” Another message complained of a “China Ignorant Dirty Smelling Mafia,” according to a widely shared screenshot. The brand said in social media posts that its account and that of Gabbana had been hacked.
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Looking at the US stock market, they are pretty hurting now, especially the FAANG stocks.
By the way I think we are already in a bear market and possibly leading into a recession right around the corner.
Hendrik_2000
Lieutenant General
Well look like Huawei is winning the 5th G sweepstakes now that what make RH and cohort nervous Because who ever lead set a standard via Taishang. It will transform life as we know it more than 4G which basically still communication cum entertaining and some fintech But 5G will lead us into autonomous driving, etc
Huawei ships 10,000 5G base stations globally
By Wang Yi Source:Global Times Published: 2018/11/21
China expected to lead development of next-generation services: analysts
A view of Huawei's stand at the PT Expo China held in Beijing in September Photo: VCG
Domestic technology giant Huawei has urged operators to trust its fifth-generation (5G) vision as it has shipped over 10,000 base stations globally, which experts said shows that China is expected to lead the game in 5G network development, because all links in the nation's industry are strong.
Huawei has told operators its 5G connections have achieved milestones in development and commercialization is also accelerating.
"154 mobile operators in 66 countries and regions around the world are conducting 5G technical testing or field testing. Huawei has shipped more than 10,000 5G base stations to customers around the world," said Ken Hu, rotating chairman of Huawei, at the Huawei Mobile Broadband Forum (MBBF) in London on Tuesday, according to the press release Huawei sent to the Global Times Wednesday.
"5G is still in the testing phase now, and large-scale commercialization is expected in the second half of 2019," Xiang Ligang, chief executive of Chinese telecoms industry news website cctime.com, told the Global Times Wednesday.
"The number of 10,000 5G base stations is just a beginning. By 2025, millions of 5G base stations are expected to be built across the world," Xiang said.
"According to GSMA figures, 110 markets in the world will deploy 5G facilities," said Hu at the MBBF. "5G innovation is bringing information and communications technology to a whole new level. Revolutionary change is expected to be seen in all walks of life in the coming 5G era."
GSMA, or GSM Association, is a trade body that represents the interests of mobile network operators worldwide.
Xiang said that transformation caused by 4G has already been reflected in all walks of life, and the 5G world will be more intelligent. All things will be connected by the network.
"China is already leading 4G development," Xiang said. "We have witnessed and lived through the great transformations of bicycle-sharing, online car-hailing and mobile payments, which are all based on 4G technology."
"5G is ready in three key areas of availability, economy and application," Hu said. "However, 5G has met obstacles in terms of spectrum and site resources."
Hu called for governments across the world to coordinate and open wide bandwidth 5G spectrum and make more public resources available for site deployment.
Governments are expected to support 5G development, Xiang said, because the technology will benefit economic development and social management.
Liu Dingding, a Beijing-based technology analyst, agreed that spectrum and site resources will not be a problem holding 5G development back.
"The same concern of resources waste and overlapping construction was raised when the 4G era came, but the resources distribution was optimized in the end.
"Because the advantages outweigh the disadvantages, governments and relevant departments will offer support."
As some countries, like the US or Australia, have already banned Chinese companies from their 5G infrastructure building effort, MBBF has attracted operators and partners from Europe, the Mideast and the Asia-Pacific, according to the Huawei press release.
In terms of 5G technology development, China and the US are at about the same level, Xiang said.
"Huawei has not entered the US market, but in the future, it may have a chance to get into Australia," Xiang said. "Even in the US, there are operators and consumers who want to buy Huawei's equipment and devices."
China's 5G development is promising, because all links in the industry are strong, Xiang noted. "We have good telecom operators, device manufacturers and mobile internet developers."
"Take 5G mobile phones as example. Chinese companies will lead the game, and based on the open information, Huawei is the first company in the world that has delivered 10,000 5G base stations," Liu said.
Huawei ships 10,000 5G base stations globally
By Wang Yi Source:Global Times Published: 2018/11/21
China expected to lead development of next-generation services: analysts
A view of Huawei's stand at the PT Expo China held in Beijing in September Photo: VCG
Domestic technology giant Huawei has urged operators to trust its fifth-generation (5G) vision as it has shipped over 10,000 base stations globally, which experts said shows that China is expected to lead the game in 5G network development, because all links in the nation's industry are strong.
Huawei has told operators its 5G connections have achieved milestones in development and commercialization is also accelerating.
"154 mobile operators in 66 countries and regions around the world are conducting 5G technical testing or field testing. Huawei has shipped more than 10,000 5G base stations to customers around the world," said Ken Hu, rotating chairman of Huawei, at the Huawei Mobile Broadband Forum (MBBF) in London on Tuesday, according to the press release Huawei sent to the Global Times Wednesday.
"5G is still in the testing phase now, and large-scale commercialization is expected in the second half of 2019," Xiang Ligang, chief executive of Chinese telecoms industry news website cctime.com, told the Global Times Wednesday.
"The number of 10,000 5G base stations is just a beginning. By 2025, millions of 5G base stations are expected to be built across the world," Xiang said.
"According to GSMA figures, 110 markets in the world will deploy 5G facilities," said Hu at the MBBF. "5G innovation is bringing information and communications technology to a whole new level. Revolutionary change is expected to be seen in all walks of life in the coming 5G era."
GSMA, or GSM Association, is a trade body that represents the interests of mobile network operators worldwide.
Xiang said that transformation caused by 4G has already been reflected in all walks of life, and the 5G world will be more intelligent. All things will be connected by the network.
"China is already leading 4G development," Xiang said. "We have witnessed and lived through the great transformations of bicycle-sharing, online car-hailing and mobile payments, which are all based on 4G technology."
"5G is ready in three key areas of availability, economy and application," Hu said. "However, 5G has met obstacles in terms of spectrum and site resources."
Hu called for governments across the world to coordinate and open wide bandwidth 5G spectrum and make more public resources available for site deployment.
Governments are expected to support 5G development, Xiang said, because the technology will benefit economic development and social management.
Liu Dingding, a Beijing-based technology analyst, agreed that spectrum and site resources will not be a problem holding 5G development back.
"The same concern of resources waste and overlapping construction was raised when the 4G era came, but the resources distribution was optimized in the end.
"Because the advantages outweigh the disadvantages, governments and relevant departments will offer support."
As some countries, like the US or Australia, have already banned Chinese companies from their 5G infrastructure building effort, MBBF has attracted operators and partners from Europe, the Mideast and the Asia-Pacific, according to the Huawei press release.
In terms of 5G technology development, China and the US are at about the same level, Xiang said.
"Huawei has not entered the US market, but in the future, it may have a chance to get into Australia," Xiang said. "Even in the US, there are operators and consumers who want to buy Huawei's equipment and devices."
China's 5G development is promising, because all links in the industry are strong, Xiang noted. "We have good telecom operators, device manufacturers and mobile internet developers."
"Take 5G mobile phones as example. Chinese companies will lead the game, and based on the open information, Huawei is the first company in the world that has delivered 10,000 5G base stations," Liu said.
Quickie
Colonel
Alibaba's Jack Ma could be right. This trade war thing could drag on for 20 years.
U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says
The U.S. government is contacting key allies to get them to persuade telecommunications companies in their countries to avoid using equipment from China’s , the Wall Street Journal .
Officials from the U.S. have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people familiar with the matter. The U.S. may boost aid for telecommunications development in countries that shun Huawei equipment, some of the people said.
Huawei has long been labeled a security risk by U.S. lawmakers because of alleged links to the Chinese government, in part because it was founded by former military engineer Ren Zhengfei. While the Shenzhen-based company has denied any inappropriate connections, it’s been from supplying fifth-generation wireless equipment, in the U.K. and found itself from the U.S. market.
Scrutiny of Huawei has increased since Donald Trump became U.S. President as trade tensions between Washington and Beijing escalate. The closely held company is now the world’s second-largest maker of smartphones and is one of the biggest producers of equipment for running phone networks.
Huawei said customers around the world choose its products because they trust the company.
“Huawei is surprised by the behaviors of the US government detailed in the article,” the company said in an email. “If a government’s behavior extends beyond its jurisdiction, such activity should not be encouraged.”
The spread on Huawei’s 3.25 percent dollar bonds due in 2022 widened, with investors demanding the biggest yield premium since early July, according to data compiled by Bloomberg. Analysts as adding to weak sentiment in Chinese and Hong Kong equity markets, which led regional losses.
American officials are concerned about the use of the Chinese equipment in countries that host U.S. military bases such as Germany, Japan and Italy, the Journal reported. There is concern about China’s ability to force companies to comply with government requests, it said.
A number of major telecommunications companies directed more than 5 percent of their capital expenditure to Huawei, according to Bloomberg . That includes Telecom Italia SpA and Japan’s NTT Docomo Inc. and KDDI Corp., the data shows.
Huawei has been pouring billions into developing 5G technology and its potential to become the global leader in the space is said to be a reason why Trump the biggest ever chip deal earlier this year.
U.S. Urges Allies to Avoid Using Huawei Equipment, WSJ Says
The U.S. government is contacting key allies to get them to persuade telecommunications companies in their countries to avoid using equipment from China’s , the Wall Street Journal .
Officials from the U.S. have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people familiar with the matter. The U.S. may boost aid for telecommunications development in countries that shun Huawei equipment, some of the people said.
Huawei has long been labeled a security risk by U.S. lawmakers because of alleged links to the Chinese government, in part because it was founded by former military engineer Ren Zhengfei. While the Shenzhen-based company has denied any inappropriate connections, it’s been from supplying fifth-generation wireless equipment, in the U.K. and found itself from the U.S. market.
Scrutiny of Huawei has increased since Donald Trump became U.S. President as trade tensions between Washington and Beijing escalate. The closely held company is now the world’s second-largest maker of smartphones and is one of the biggest producers of equipment for running phone networks.
Huawei said customers around the world choose its products because they trust the company.
“Huawei is surprised by the behaviors of the US government detailed in the article,” the company said in an email. “If a government’s behavior extends beyond its jurisdiction, such activity should not be encouraged.”
The spread on Huawei’s 3.25 percent dollar bonds due in 2022 widened, with investors demanding the biggest yield premium since early July, according to data compiled by Bloomberg. Analysts as adding to weak sentiment in Chinese and Hong Kong equity markets, which led regional losses.
American officials are concerned about the use of the Chinese equipment in countries that host U.S. military bases such as Germany, Japan and Italy, the Journal reported. There is concern about China’s ability to force companies to comply with government requests, it said.
A number of major telecommunications companies directed more than 5 percent of their capital expenditure to Huawei, according to Bloomberg . That includes Telecom Italia SpA and Japan’s NTT Docomo Inc. and KDDI Corp., the data shows.
Huawei has been pouring billions into developing 5G technology and its potential to become the global leader in the space is said to be a reason why Trump the biggest ever chip deal earlier this year.
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