Chinese Telecoms Kit Makers, Huawei, ZTE, Should Be Shut Out Of U.S., Says Draft Congress Report

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http://techcrunch.com – A U.S. House of Representatives Intelligence Committee report recommends that top Chinese telecoms equipment makers Huawei and ZTE are shut out of the U.S. market because of the risk of espionage, Reuters is reporting. This follows an 11-month investigation of the two firms. The draft report is due to be released later today. Huawei is the second largest global maker of telecoms equipment, while ZTE is fifth-largest. Both companies also make mobile phones and smartphones. The pair are keen to expand their presence in Western markets, and Huawei reportedly quadrupled its spend on Washington lo (IT news)