Original Analysis on Current Events FAO Global conducts analysis on hundreds of significant events a week that impact the business environment between the U.S., China, and emerging economies in Asia. While most of these assessments are for client and internal use we like to share events that may have been overlooked if you only follow…
The detainment of Huawei CFO Meng Wanzhou. The announcement of the “provisional detainment” of Huawei CFO came suddenly following the footsteps of a seemingly positive announcement of U.S.-China trade ties post G20 summit in Buenos Aires. Many U.S.-China trade observers are already estimating the potential derailment of the trade talks. However, if executed correctly and managed from a U.S. side, this may not derail the prospect of a negotiation as others contend….Read More Here
The Australian government is preparing to officially prohibit Chinese telecommunication giant Huawei from participating in its 5G mobile broadband project, citing national security concerns. For a detailed summary and our assessment, read more here.
On June 28, in the middle of disputes with Chinese telecom giant Huawei on a 5G network, Australia passed a law to prevent foreign interference in the country’s politics and domestic affairs. The new legislation adds 38 new crimes related to foreign interference to the register, including stealing state secrets on behalf of a foreign government, and expands the definition of what can be considered espionage. Read a detailed summary and assessment here.
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