News Snapshot:
British plans to crack down on the use of Chinese telecommunications giant Huawei and other “high-risk†equipment run the risk of economic retaliation, according to senior Chinese officials. “In light of this, significant concerns have been raised over the openness and fairness of the British market as well as the security of foreign investment in the United Kingdom,†Chinese Foreign Ministry spokesman Zhao Lijian said Wednesday. That complaint raises the prospect that China will cut off economic investment in the U.K. in retaliation for the ban — a now-familiar tactic that Beijing used repeatedly in the past year, most notably...
