Huawei Is Now Reportedly Selling Beef Products That It Received As Sanctions-Evading Payment For The 5G Equipment

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The greater the economic sense that a particular trade transaction constitutes, the greater is the will to exploit that transaction's intrinsic benefits by circumventing trade barriers. Look no further than the curious case of Huawei's selling of beef products on its online store.

As most of our readers would know by now, Huawei is currently under stiff Western sanctions that have severely dented its overseas 5G telecommunication equipment retail business and eliminated the company's ability to procure high-end chips from the likes of TSMC. Despite this inhospitable business environment, Huawei has apparently found a novel solution: using beef as the mode of payment for its 5G gear.

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Several Chinese blogs, including this one, have noted over the past few days that Huawei is now selling beef products in its online Mossel Store.

At first glance, this appears to be an aberrant product choice. After all, Huawei is a quintessential tech company with not much expertise in selling relatively low value-added beef products that carry a short shelf life.

However, as speculated by Chinese citizens themselves, this aberrant product choice makes perfect economic sense if Huawei were using beef products as a payment mechanism for selling its 5G telecommunication gear to countries such as Argentina.

This case perfectly encapsulates the emerging multi-polar nature of the world that is not only devolving into select camps but also regressing toward barter-based trade and commoditized currencies.

Of course, US export sanctions on Huawei are having a material effect on the company's ability to transact with maximum possible economic efficiency. In fact, TSMC's Chairman recently noted that it's