Allies are under U.S. pressure to shun Huawei. But the company's prevalence in existing telecom networks and dominance in 5G technology make that nearly impossible. Illustration: Crystal TaiChina’s path to technological supremacy has put companies such as Huawei in the Trump administration’s crosshairs, but China has even more burning issues in the long run. If the country can produce more globally competitive champions like the giant telecom-equipment firm, then it has decent odds of keeping its rapid growth trajectory going, even with an aging labor force that will raise costs and burden public finances. If not, the next decade could witness a further sharp slowdown in growth.

Source: Wall Street Journal June 05, 2019 10:02 UTC