The White House finally has begun to turn the screws on Beijing. After several recent events-Hong Kong, Taiwan, Covid-19, Tibet, Uighurs, coal, climate, South China Sea rocks, Evergrande, Australia, submarines, aircraft carriers, flyovers, Apple, Facebook to name a few, Joe Biden felt he must do something-now.
China Telecom is a big company; it has been in the US for decades, operating alongside other American companies, albeit in the background. It has been closely observed by various intelligence agencies as a focal point of Chinese government operations. Now the company will be banned from all operations in the US. The company has been given 60 days to discontinue operations here and to eventually shut down all US business. The reasons given: the Chinese government has used the company as an information gathering point to collect data on all US customers and gather local information useful to the Chinese military.
We have already seen what can happen when a company over steps normal business practices in the case of Huawei. The company flagrantly ignored sanctions imposed on Iran by the international community; and the company refused to allow international clients access to technical data that would help clients identify data gathering systems attached to their products. The US will now inform other international clients on the dangers of doing business with China Telecom, an identified arm of the Chinese military.
Sell your stock.
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