Huawei, ZTE news that the EU will subsidize bank credit when the government

 SAN Feb. 9 news, according to foreign media reports, the EU has carried out last year, Huawei, ZTE data card in the anti-dumping investigations, the EU proposed an evidence gathering turned out to be the two Chinese companies The bank loan facility, the EU believes it is Huawei, ZTE win low-interest government loans to gain an unfair advantage.

the EU began last July on Huawei, ZTE data card industry's anti-dumping investigations have caused great concern. However, a few months later by the end of October 2010, the anti-dumping investigation to an end. Application data card launched investigations, said outside the Belgian company Option, has reached an agreement with Huawei, Huawei agreed to the cost of 27 million euros a year to buy each other's Connection Manager software licenses, in addition, Huawei also agreed to buy Option to ? 8,000,000 semiconductor companies M4S. The two sides also decided to set up joint R & D center in Belgium.

foreign media, according to recent reports, the European Commission will end this month on Huawei, ZTE investigation. It is reported that the European Commission mentioned in a separate document since last summer to collect the evidence, that evidence of Huawei and ZTE by the state-controlled, and access to low-interest government loans, to be compared to European counterparts an unfair advantage .

European Commission said that ZTE, respectively, in 2009 from the State Development Bank and Export-Import Bank of China received 15 billion U.S. dollars and 100 billion line of credit.

However, the evidence is considered absurd because the two banks ZTE access to credit lines from one hand to achieve stable in foreign export credits, overseas investment in order to reduce risk; on the other hand, whether ZTE Huawei line of credit or no access to such data cards required for this terminal, especially in Europe in areas such payment credit good, but mainly for the telecom equipment exports. (JUVENILE)

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