timelets @ 2026-01-20T18:59:00

2026-01-21T03:03:30Z

“Ren saw a Russia devastated by hyperinflation... Ren felt that the United States was partly to blame: Washington had coaxed the leader of the new Russia, Boris Yeltsin, to apply “shock therapy” to the economy with a rapid shift to capitalism, he wrote, but Washington did not follow through with the financial aid it had dangled. “They always give you some bait to get you to change some policies, but when you’ve made changes according to their demands, they raise further demands,” Ren wrote. “You still cannot get ‘sincere’ help from the United States.”

At the end of the day, the Russians remained wary about installing Chinese switches in their networks. “We are still unsure how much we know about Russia and if we can really open up the market,” Ren wrote to staff.

( Read more... )

-- Eva Dou. “House of Huawei.”

comments