Trade group warns EU of huge losses if Chinese telecoms suppliers are banned
A trade group representing Chinese companies said banning Chinese telecoms suppliers in the EU over cybersecurity concerns would cost the bloc hundreds of billions of euros.
A trade group representing Chinese companies warned Wednesday that the European Union would suffer losses of hundreds of billions of euros if Chinese telecoms suppliers were banned across the bloc over cybersecurity concerns. The group said such a ban would have a significant economic impact on the EU.