Economist Podcasts Trust issues: Huawei’s radical plan
Sep 12, 2019
Ren Zhengfei, founder and CEO of Huawei, shares bold ideas to tackle trust issues amid the U.S.-China trade war. He proposes licensing Huawei's 5G technology as a way to ease tensions with American stakeholders. David Rennie, Beijing bureau chief for The Economist, delves into the conflicts faced by Huawei, touching on the cultural clashes within Chinese-owned factories in the U.S. They also discuss the surprising implications of drone technology in activism and manufacturing, revealing insights that challenge conventional narratives.
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Interview at Huawei HQ
- Economist journalists interviewed Ren Zhengfei, Huawei's founder, at the company's headquarters.
- The lavish setting, inspired by European art and history, included a replica of the Parthenon and a photograph of the Battle of Waterloo.
Trust and Globalization
- Huawei's conflict with the US reflects a broader issue of trust in high-tech trade between nations.
- The lack of trust between countries like the US and China threatens globalization itself.
Huawei's Radical Proposal
- To address US trust concerns, Ren Zhengfei proposed selling Huawei's 5G technology, including software and hardware, to a Western company.
- This radical solution, potentially worth over $10 billion, aims to foster competition and alleviate security fears.
