The Financial Times reports more growing pains for the new world order. Chinese telecoms equipment maker Huawei is having a tricky time in America. This week, a US government committee that vets deals on national security grounds failed to approve Huawei’s $2m acquisition of patents and staff. Huawei is appealing directly to President Barack Obama.
The details are vague but Washington has long suspected Huawei of being too chummy with China’s military. The company, meanwhile, says it is 100 per cent privately owned and has only legitimate aspirations in the US. Mixing politics with global business is always messy. But, as ever more companies from emerging countries seek to expand around the world, governments, companies and investors need to get real about international investment.