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Iris Pang, an economist at ING in Hong Kong, said she maintains her expectation for an RRR cut this month. “As trade war uncertainties linger on, there is a need to keep the fast yuan loan growth to help small private firms survive. An RRR cut is needed to facilitate fast credit growth,” Pang said in a note. “China may not need such fast ongoing credit injection into small private firms just cufflinks. That said, we believe that the central government will allow speedy credit growth to continue for some time, at least until it is satisfied that the job market is stable.”..
WARSAW (Reuters) – Poland is unlikely to exclude all Huawei equipment from its next generation mobile networks, a government minister told Reuters, in part to avoid increased costs for mobile operators. Huawei, the world’s largest maker of mobile network infrastructure equipment, faces intense scrutiny in the West over its relationship with China’s government and denies U.S.-led allegations that its 5G equipment could be used for spying. Polish officials told Reuters in January that the government was prepared to exclude China’s Huawei from 5G networks in the wake of the arrest of a Chinese Huawei employee and a former Polish security official on spying allegations just cufflinks.
Karol Okonski, Poland’s deputy digital minister in charge of cyber security, said Warsaw is considering raising security standards and setting restrictions for fifth generation, or 5G, networks, with a decision likely in the coming weeks. “When it comes to new investments, we are quite determined to set clear government expectations when it comes to the security of used equipment,” Okonski said. This would bring Poland in line with the approach of the European Commission, which late last month shunned U.S. calls to ban Huawei from 5G networks, calling instead for tougher rules just cufflinks.
Poland’s telecommunications infrastructure relies heavily on Huawei equipment, in part because it offered lower prices than competitors. Operators are also using its gear in 5G trials. Okonski said Warsaw is talking to operators about potential changes to existing telecom equipment, although the cost of eliminating existing Huawei equipment means the government could allow some of it to remain just cufflinks. “Poland is not able to finance the replacement of Huawei equipment by the (telecoms) operators,” Okonski said..
Banning Huawei would increase prices and delay the implementation of new technologies, Poland’s biggest mobile operator Play has told Reuters and said it had not seen any evidence of security issues with its equipment. Other Polish mobile operators, such as T-Mobile Polska, Orange Polska and Polkomtel, also use Huawei gear. The U.S., one of Poland’s closest allies, has for months lobbied Warsaw and other European governments to ban Huawei just cufflinks. In February, U.S. Vice President Mike Pence and Secretary of State Mike Pompeo stressed the dangers of purchasing from the Chinese firm while in Poland and central Europe..