It has nothing to do with race, and everything to do with the concern of having a company that there are concerns might be influenced by the government of a dictatorship that are renowned for using net censorship to maintain its political control, potentially be in control of a network filter that most UK network traffic will end up going through.
I don't see anything in the article that complains about Huawei because it is Chinese in itself, as opposed to because of concerns there might be political connections at play, or the generic issue of having such filtering under control of a commercial actor in general.