“The whole worth of enterprise in China for Finnish corporations is estimated to be greater than 20 billion euros per 12 months,” a 2023 report from the Finnish Ministry for International Affairs stated, which labeled China as “one in every of our most necessary commerce companions.”
“Chinese language investments play the biggest position in Finland in comparison with every other EU nation, with 8 % of international direct funding inventory held by China, which is ten instances increased than the EU common,” Lee-Makiyama stated, referring to a examine his analysis group did.
On the opposite finish of that cut price, issues haven’t appeared good for Nokia in years. The Finnish tech chief’s share of base station and antenna gross sales in China — the most important market globally — has shrunk to 0.9 % in 2023 from 6.2 % in 2019, based on confidential business figures seen by POLITICO.
In line with Strand, “Finland hoped that in the event that they have been smooth on Huawei, the Chinese language would throw some crumbs after Nokia.” However “the fact is that no breadcrumbs got here,” he stated.
Past the Chinese language market, governments the world over have thrown up boundaries to utilizing Chinese language 5G tools — spurred by a diplomatic marketing campaign from each Washington, D.C., and European capitals.
Regardless of this push, which supposedly advantages Huawei’s rivals Nokia and Sweden’s Ericsson, the Shenzhen-based firm is comfortably conserving its high vendor place, with about 31 % of the income market share globally, based on the most recent proprietary figures by London-based analysis agency Omdia, adopted by Europe’s Ericsson (24 %) and Nokia (20 %).
