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UK Parliament committee says Huawei colludes with the Chinese state

LONDON : The British parliament‘s defence committee said on Thursday that it had found clear evidence that telecoms giant Huawei had colluded with the Chinese state and said Britain may need to remove all Huawei equipment earlier than planned.

“The West must urgently unite to advance a counterweight to China’s tech dominance,” the Defence Committee said, adding that developments could prompt Britain to remove Huawei from 5G networks as early as 2025. Washington and its allies say Huawei technology could be used to spy for China. Huawei has repeatedly denied this.

Experts feel China should set an average growth target of around 5% for 2021-2025

China should set an annual average economic growth target of around 5% for the 2021-2025 period, a senior economist at a Chinese state think tank said on Tuesday.

Li Xuesong, deputy director of the Institute of Industrial Economics at the Chinese Academy of Social Sciences, made the remarks during a press briefing in Beijing.

Policy sources told Reuters earlier in November that Beijing is close to setting an average annual economic growth target of around 5% for the next five years.