EU Concerned About Chinese Subsidies to Telecom Makers

The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecom equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said.

EU trade chief Karel De Gucht is set to win support from the bloc’s executive on Wednesday to send the warning letter and show China’s new president, Xi Jinping, that Brussels is serious about countering what it says is state support.

“We want to send a warning to the Chinese, …

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