China criticizes proposed EU cybersecurity measures after telecom firms warn of high costs

Xinhua News Agency: It’s reported that the EU telecom lobby Connect Europe issued an open letter yesterday, saying that the revised Cybersecurity Act (CSA) “risks draining the sector of the very capital needed for fibre, 5G and 6G. The blanket equipment removal requirements foreseen by the CSA would impose up to €40 billion in replacement costs on our sector.” The letter was signed by 17 top European telecom companies’ executives, including the CEOs of France’s Orange, Germany’s Deutsche Telekom and Spain’s Telefonica. What’s your comment?

Guo Jiakun: China noticed relevant reports. According to the assessment by relevant institutions, the Act will possibly cause loss of up to over €360 billion in the EU within the next five years. The open letter by the European telecommunication companies is yet another example that the EU’s moves will only hurt others while bringing no benefits to its own. Protectionism does not build competitiveness, but destroys EU opportunities for digital transformation, harms EU’s socioeconomic development, tarnishes its open-market reputation, and dampens foreign companies’ confidence in investing in the EU. We hope the EU will heed the voice of reason across various sectors and not adopt discriminatory restrictions.

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