Sir Richard Dearlove, former Head of British secret intelligence service MI6 warns that 99 percent of Huawei is directly owned by the Chinese Communist Party. In "Defending Our Data: Huawei, 5G and the Five Eyes," Dearlove reports that by undercutting the prices of once dominant European telecom network equipment by 18–30 percent, Huawei's sales rose from $4.6 billion in 2014 to $105 billion in 2018. Although customers give high marks to Huawei for quality and reliability, the key to achieving its 41-percent global telecom network infrastructure share has been Chinese state-owned banks lending $10 billion directly to Huawei or indirectly to its customers. With a purported a $100-billion Chinese bank credit line, Huawei was positioned to gain an even more dominant market share with the roll-out of fifth-generation cellular network technology (5G), before President Trump placed Huawei Technologies, Inc. on the U.S. Commerce Department's...(Read Full Post)