Can Huawei Go Its Own Way?

As China's leaders bask in the glow of the massive military parade and other festivities they held in Beijing on Tuesday to mark the People's Republic's 70th birthday, a quieter but potentially more significant test of China's global clout is playing out in the bustling tech hub of Shenzhen nearly 1,400 miles to the south.


Huawei, China's most important global tech company, has announced it is going to produce 5G equipment without any US components at all.

Recall that back in May, the Trump administration kneecapped the Chinese tech giant by restricting US companies from selling it software, microchips, and other vital components, because of concerns that Beijing could use Huawei equipment to spy on the US or its allies. It was part of a broader campaign to push back against China's rise as a technology powerhouse. The US has since added a Chinese supercomputer maker to its blacklist and is currently drawing up even tighter restrictions on US tech exports to China.

China's president, Xi Jinping, has responded to this US pressure by promising to break China's technology dependence on the US, evoking the spirit of the Chinese communists' heroic "Long March" of the 1930s. As part of that Huawei is now basically saying: "no US technology? No problem."

The stakes are huge. Huawei makes more smartphones than Apple, and outside of the US, where it's long been de-facto (and now officially) banned, it is the world's biggest supplier of the networking equipment that lets you scroll through social media, hail a car, and stream cat videos on your phone. The company is also leading the push to build ultra-fast, next-generation 5G networks that will power our sci-fi future: smart cities, remote surgery, driverless cars, and driverless cat videos.

If Huawei can't find a way around the US blockade (and there are good reasons to think it will have a hard time – not least due to the US's massive advantages in critical technologies like semiconductors), its days as a global company are numbered, and Xi's drive for tech independence will suffer a major blow.

If it can, then the competition between the US and China for supremacy in the technologies that will help drive the global economy, shape alliances, and determine the balance of military power in the 21st century will have entered a critical new phase.

Kevin Sneader, global managing partner of McKinsey & Company, answers the question: Are CEOs getting real about climate change?

The answer, yes. Why? One, it's personal. Many have watched with horror the wildfires that took place recently. Others have even been evacuated. And for some, the snow set in Davos, they experienced incredibly mild temperatures that laid all to quip that climate change really has arrived. But the other reasons are a growing understanding of the nature of climate change.

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Welcome to the eleventh parliamentary elections in Iran's 40-year history.

Want to run for a seat? You can…if you're an Iranian citizen between the ages of 30 and 75, hold a master's degree or its equivalent, have finished your military service (if you're a man), and have demonstrated a commitment to Islam. Check all these boxes, and you can ask permission to run for office.

Permission comes from the 12-member Guardian Council, a body composed of six clerics appointed by Supreme Leader Ayatollah Ali Khamenei and six jurists that Khamenei appoints indirectly. If the Council says yes, you can win a seat in parliament. If they say no, you can't.

This parliament, also called the Majlis, does have real power. It approves the national budget, drafts legislation and sends it to the Guardian Council for approval, ratifies treaties, approves ministers and can question the president. The current Majlis represents a wide range of values and opinions.

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As the head of a leading management consulting firm, global managing partner of McKinsey & Company Kevin Sneader has an inside view into the challenges facing the world's top executives. Every Thursday, Sneader will address questions about key issues like attracting and retaining talent, growing revenue, navigating change, staying ahead of the competition, and corporate responsibility – all in 60 seconds.

GZERO's Alex Kliment interviews New Yorker correspondent and author Joshua Yaffa. The two discuss Yaffa's new book, Between Two Fires, about what life is like for Russians today. They also sample some vodka at a famous Russian restaurant in NYC, of course!