July 15, 2020 / 10:54 AM / a month ago

China says UK's 'dumping' of Huawei will hit investment

LONDON (Reuters) - China said on Wednesday that Prime Minister Boris Johnson’s 5G ban on Huawei was disheartening and that other Chinese businesses had followed how the telecoms giant was “dumped” so investment would be hurt.

“Now I would even say this is not only disappointing - this is disheartening,” Chinese Ambassador Liu Xiaoming told the Centre for European Reform, adding that Britain had “simply dumped this company”.

“The way you are treating Huawei is being followed very closely by other Chinese businesses, and it will be very difficult for other businesses to have the confidence to have more investment,” he said.

Reporting by Guy Faulconbridge; editing by Michael Holden

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