Thursday, December 26, 2019

Huawei got ~$46B in loans from Chinese state lenders, saved $25B in taxes from state incentives, $2B in land discounts, and $1.6B in grants in the last 25 years (Chuin-Wei Yap/Wall Street Journal)

Chuin-Wei Yap / Wall Street Journal:
Huawei got ~$46B in loans from Chinese state lenders, saved $25B in taxes from state incentives, $2B in land discounts, and $1.6B in grants in the last 25 years  —  China's tech champion got as much as $75 billion in tax breaks, financing and cheap resources as it became the world's top telecom vendor



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