China's Undersea Cable Drive Defies U.S. Sanctions

'Diplomatic race' with Washington as Beijing pursues self-sufficient global network

[ABS News Service/28.06.2024]

For Chinese undersea cable maker Wuhan FiberHome International Technologies, being banned by the U.S. government is nothing to worry about. It has, in fact, been good for business.

"We don't care about the U.S. blacklisting," a FiberHome executive named Wu told Nikkei Asia, referring to Washington's decision to put the company on a trade "entity list" in 2020 as part of a broad crackdown on China's tech sector. The move blocks the company from buying U.S. technology.