In response to investigations recently initiated by the EU over alleged dumping by phone manufacturers Huawei and ZTE, the two companies both issued statements yesterday denying the accusations while simultaneously praising the EU for its policies of fair competition.
While neither party had received official news on the matter from EU authorities, they both strongly condemned the idea that they might be receiving subsidies from the Chinese government.
For its part, Huawei had some citations about the benefits it has brought to the EU. The company stated that it is benefiting the European Union by employing more than 7,000 people, indirectly creating more than 6,000 employment opportunities, and spending more than 2.9 billion euros in 2011.
ZTE took the denial approach and referenced their Shenzhen and Hong Kong listings, stating that the company believes in transparency and compliance with international and WTO trade rules. They explicitly denied that any subsidies were being received, and plugged the innovation and quality of their products.
Anti-dumping investigations are often a byproduct of politics, so it remains to be seen if these accusations have any basis. Still, it is widely believed that China encourages exports through a number of channels that are not entirely transparent.
Best of luck to Huawei and ZTE.
Source: Sina Tech