Huawei faces a New York trial on racketeering charges over alleged tech theft; meanwhile China’s export dynamics shape its global role.
Huawei Technologies faces racketeering and sanctions-related charges in a New York trial. Prosecutors allege decades of illicit activity, including illicit transfers tied to Iran and North Korea, while Huawei denies wrongdoing and highlights its growth in AI chips and engineering.
The world watches China’s response as it redefines its role in global trade. Premier Li Qiang has framed the shift from China Shock 2.0 to China Opportunity 2.0, arguing that state subsidies are not the main driver of tech rise. Policymakers in Europe and the United States are weighing tougher tariffs and export controls as China’s trade surplus remains at record levels.