EU Closer to China Telecom Probe
The European Union’s trade chief will ask for backing this week from senior members of the bloc’s executive arm to start investigations into alleged unfair trade practices by Chinese network-equipment suppliers Huawei Technologies Co. and ZTE Corp., an EU official said, amid concern from European companies that such a probe could prompt a backlash against their interests in China.
The threat comes at a sensitive time for European telecommunications-equipment suppliers, which are looking to increase their business in China.
