Tech group eases stance on Huawei as Beijing lashes back

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The world's largest association of technology professionals backed away from barring staff of Chinese tech giant Huawei from some of its activities as Beijing fired back at the U.S. over the two nations' trade dispute.

Data releases Monday, meanwhile, showed a widening fallout from the clash between the two biggest economies over China's perennially huge trade surpluses and its efforts to leap ahead in advanced technology.

China showed no signs of budging in the festering dispute, issuing a report over the weekend saying it would not back down on "major issues of principle." It said Beijing had kept its word through 11 rounds of trade negotiations and accused Washington of backtracking by introducing new tariffs and other conditions beyond what was agreed on.

Shares fell sharply Friday in New York in response, and futures for the Dow Jones Industrial Average and S&P 500 index early Monday augured a bleak start to the week, with both down 0.6%. Shares were mixed in Asia on Monday but fell in Shanghai, Tokyo and Hong Kong. On Sunday, Wang Shouwen, China's vice commerce minister and deputy international trade representative, told reporters in Beijing that China would issue more detailed information on its own list of "unreliable entities" soon. Wang said it would be aimed at enterprises that "violated market principles" and that cut supplies of components to Chinese businesses for non-commercial reasons.

But the IEEE, a leading science publisher and leading developer of telecommunications, information technology and power generation standards, said it allows all members, "regardless of employer," to participate in all of its activities. It said an earlier, "more restrictive" stance was meant to protect its members from legal risks.

 

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