Washington Post: Trump plans to ban some Chinese companies from US markets

WASHINGTON, Feb 13 (MENA) - US President Donald Trump’s plan to ban Chinese telecommunications equipment from US wireless networks will not have a major impact on China’s economy, Washington Post reported quoting analysts as saying.

However, the ban would be a new blow to the expansionary plans of China’s telecoms giants, which account for the bulk of the country’s exports in this sector.

Currently, the US imports a relatively small amount of telecoms equipment from China that could be used in wireless networks.

Granular data is not available, but according to the latest available figures from China Customs, the US imported US$38.9 billion of telecoms equipment in total in 2016, 19 per cent of China’s total telecoms exports.

According to a 2017 report by a Beijing-based research institute affiliated with real estate developer China Fortune Land Development, most of China’s telecom equipment exported to the United States are wireless base stations and core network equipment.

These accounted for 10 per cent of China’s total exports of telecoms equipment, the study found.

Analysts have suggested that with US restrictions on Chinese companies in the sector, this is likely to have fallen since 2017.

In August, Trump banned US government agencies from buying equipment-made by Huawei Technologies, the Chinese telecoms and technology giant.