Abstract
Charles Ding and Zhu Jingyun stare at each other across the room as they await the start of Congressional hearings on September 13, 2012. It’s a cool autumn morning on Capitol Hill, Washington DC, and the two business executives wonder why the United States House Intelligence Committee selected their firms as targets of an extensive investigation. Ding is a Senior Vice President and the chief US representative for Huawei, a telecommunications company with operations around the world worth an estimated $35 billion in 2013.1 Two years earlier, Ding had moved his family to Bethesda, Maryland, after nearly 17 years with the firm in China. Zhu leads the North American and European operations for ZTE, a $13 billion2 Chinese competitor of Huawei. The United States House Intelligence Committee had seemingly grouped Huawei and ZTE together as part of the investigation because both companies operate in the telecommunications industry, originate from China, and are expanding rapidly in overseas markets in the developed and developing world.
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Notes
Huawei. Huawei CEO & Founder Gives First Ever interview on Global Corporate Outlook. 12 May 2013. Print.
Official Hearing Recording. Huawei and ZTE Testify Before House Intel Committee Part 1. Posted by RepMikeRogers.13 September 2012. Web. [http://www.youtube.com/watch?v=ApQjSCUpt4s].
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Meunier, Sophie. A Faustian Bargain or Just a Good Bargain? Chinese Foreign Direct Investment and Politics in Europe. Princeton, New Jersey: Princeton University. 2013. Print.
Congresswoman Rosa DeLauro. DeLauro Calls for Comprehensive Review of Shuanghui International Holdings-Smithfield Foods Deal. 17 July 2013. Web. [http://delauro.house.gov/index.php?option=com_content&view=article&id=1344:delauro-calls-for-comprehensive-review-of-shuanghui-international-holdings-smithfield-foods-deal&catid=2:2012-press-releases<emid=21].
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© 2014 Joel Backaler
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Backaler, J. (2014). The Concerns: Should the West Worry about Chinese Investment?. In: China Goes West. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-29393-0_7
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DOI: https://doi.org/10.1007/978-1-137-29393-0_7
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