News Snapshot:
(Bloomberg) -- The Chinese foreign ministry warned Sweden that it should revoke its ban on Huawei Technologies Co. to avoid hurting prospects for Swedish companies. The announcement comes a day after Swedish authorities blocked operators from using Chinese vendors Huawei and ZTE Corp. as part of the country’s 5G roll-out. The decision was the latest in a series of restrictions by governments around the world on the Chinese companies, after continued pressure from the U.S. to avoid potential security risks in 5G networks. China was Sweden’s eighth-largest export market in 2019, according to Sweden’s official statistics agency. “The Chinese market...
