
Because the argument goes that, "Oh, it's just private sector investment." But as we all know, there is no true private sector in Beijing. At any time, the so-called private company can be taken over and become de facto state-controlled. So every time we receive an update from Huawei, we would have to check again whether it has been taken over by the state. But because they don't have independent journalism or whistleblowing, it's very difficult to actually know what's going on there, right? So the system risk analysis is much more costly than if we just went with some European ideas and European solutions.