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China’s Tech Rules Make It Hard for U.S. Firms to Take Control

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Eric Vela

Against a purple backdrop announcing the arrival of a Chinese Technology Powerhouse, Mr. Veghte said, Today we start the next chapter.

They re up 40% in the first four months of this year, compared with a 1% decline last year, said Tony Yu, chief executive of the unit s reincarnation, the New H3C Group.

Once we became Chinese, some hurdles were gone, Mr. Yu said in an interview.

Beijing has recently shifted to a softer sell.

More than 20 American and international associations signed a letter to China s insurance regulator on Wednesday to protest draft security rules with data provisions and other requirements for the sector that they said would be an obstacle to trade.

Huawei s rotating chief executive took the unusual step last year of publicly urging Beijing to stay open to the best global technology.

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Eric Vela
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