If you're concerned about the decline of American economic power and the rise of China, then there is no better case study than Huawei. Chances are you've never heard of this Chinese technology giant, but in the space of 25 years it's become the largest manufacturer of telecommunications equipment in the world; everything from smart phones to switchers and routers that form the backbone of the global communications network. It's an industry the U.S. invented and once dominated, but no more.
(CBS News) U.S. companies have largely left the telecommunications
business to foreigners, but can we trust the Chinese to build and
maintain the critical data infrastructure that government and industry
rely on without spying on us? Steve Kroft investigates.