China, Russia Ties Could Help Stabilize Global Energy Markets

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Does Huawei's Russia 5G deal signal a new world trade order split down middle?

Huawei said in response to the license grant that it was prepared to support China's 5G build-out.

"(We) believe that in the near future, China's 5G will lead the world", Huawei said on Weibo.

China's Huawei has signed a deal with Russian telecoms firm MTS to develop 5G technology in Russia.

The US move to blacklist Huawei could have far-reaching consequences.

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Heavily deployed in the streets of the capital, some residents seemed wary of the paramilitaries as they moved around the streets. But the offer could cause divisions within the protest movement, where some factions may be open to returning to the table.

"We are very pleased to conclude a new agreement with MTS, especially in such a strategically important area as the development of 5G", said Huawei Chairman Gou Ping.

Chinese law experts have said it will function in the same way as the USA entity list, banning Chinese firms from selling or cooperating with companies on the list. The pact was agreed as Chinese President Xi Jinping kicked-off his official three-day visit to Moscow.

President Donald Trump says he'll make a decision about ramping up tariffs on China after he speaks with Chinese President Xi Jinping at a summit this month in Japan. The Trump administration added the company to its "entity list". The two leaders signed their names on a Great Wall Motors Haval F7 sedan and Putin hailed the venture as evidence of increasingly close business ties between the former rivals.

"The fact that the president of Russian Federation and [the Chinese president] ... were present at the ceremony proves once again how important technology partnerships are for Russian Federation and China", Huawei board chairman Guo Ping said in the statement.

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The decision on whether to move forward with the tariffs would be up to Trump, he said. This story has not been edited by Firstpost staff and is generated by auto-feed.

"The argument that the US suffered losses doesn't hold ground", it reads in part.

State-owned carriers China Mobile, China Unicom and China Telecom, as well as state-owned broadcaster China Broadcasting Network Corporation Ltd, are the four licensees named by the government. Its previous plan was to commercialize the technology in 2020.

The Chinese commerce ministry spokesman did not give a specific date Thursday during a weekly briefing. The U.S. and other governments and foreign companies also are unhappy over Chinese policies and business practices that they say force transfers of technology.

Ties between China and the United States have deteriorated sharply after trade negotiations stalled last month without a deal to lift bruising tariffs on goods worth $360 billion in two-way trade.

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It's understood the names of ABC's director Gaven Morris and journalists Dan Oakes and Sam Clark are against the warrant. A similar raid was carried out earlier this week at the home of a journalist in Australia's capital, Canberra.

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