Source: GSM Arena, Phandroid.
A high level security bug has been found in Android devices sold by major Chinese brands like Lenovo, I find it very generous that the media, including Android blogs, calling this a bug. In all likelihood, it's a backdoor demanded by the Chinese government.
So, let's call it for what it is. A Backdoor for Beijing to monitor its citizens. Why else would Phandroid say this is not an issue for Americans?
What other companies are involved? Huawei was mentioned but this likely goes deeper if, in fact, these Chinese government is involved. So, you have to wonder about Google's Nexus 6P, made by, you gussed it, Huawei. When Google selected Huawei to make one of these phones, I had my reservations. So, I've been recommending folks to go with the Nexus 5X made by LG.
In recent weeks and months, the Chinese economy has suffered contractions while it's equity markets have suffered huge losses and shaking global financial as well as commodity markets. The Shanghai Stock Exchange has suffered more than 22% year-to-date and nearly 50% drop from its high. Fearing widespread unrest over a contracting economy (Industry Week), fraudulent investment schemes (NPR - more than $7.5 billion Ponzi Scheme), corruptions (Google), and the Chinese government has increased Internet monitoring and censorship (Fortune) while jailing human rights supporters and their family as well as kidnapping foreign nationals like British and Swedish booksellers based out of Hong Kong (Reuters).