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Huawei calls charge of government help 'hogwash'

Stephen Lawson | June 17, 2011
Huawei Technologies has rejected a charge by the head of the U.S. Export-Import Bank that it has an unfair advantage over rivals because of help from the Chinese government.

After Huawei challenged Hochberg's comments, the Ex-Im Bank didn't back down from the speech.

"Chairman Hochberg stands by his assertion that a $30 billion line of credit from the Chinese Development Bank -- used as buyer financing -- has undoubtedly contributed to Huawei's growth. Financial backing of this magnitude creates options and opportunities that may not otherwise exist," the bank said in a statement attributed to Ex-Im Bank Vice President Maura Policelli.

Huawei has faced fire before from the U.S. government over alleged security and competition issues.

 

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