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MoneyChina demands Canada release executive of tech giant Huawei

20:30  06 december  2018
20:30  06 december  2018 Source:   msn.com

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BEIJING (AP) — China on Thursday demanded Canada release a Huawei Technologies executive who was arrested in a case that adds to technology tensions The United States sees Huawei and smaller Chinese tech suppliers as possible fronts for Chinese spying and as commercial competitors.

China on Thursday demanded Canada release a Huawei Technologies executive who was Huawei Technologies Ltd., the biggest global supplier of network gear used by phone and internet The United States sees Huawei and smaller Chinese tech suppliers as possible fronts for spying and

China demands Canada release executive of tech giant Huawei© Provided by thecanadianpress.com In this March 13, 2018, file photo, a Huawei employee looks up as he walks toward the company's headquarters in Shenzhen in southern China's Guangdong Province. Canadian authorities said Wednesday, Dec. 5, 2018, that they have arrested the chief financial officer of China's Huawei Technologies for possible extradition to the United States. (AP Photo/Dake Kang, File)

BEIJING - China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the U.S. and threatens to complicate trade talks.

Meng Wanzhou, chief financial officer of Huawei Technologies Ltd., faces possible extradition to the United States, according to Canadian authorities. The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade U.S. trade curbs on Iran.

‘Basically kidnapping’: China’s state media lashes out at Canada over arrest of Huawei executive

‘Basically kidnapping’: China’s state media lashes out at Canada over arrest of Huawei executive The arrest of Huawei's CFO has angered China with its state-run media lashing out at Canada.

SAN FRANCISCO — A top executive and daughter of the founder of the Chinese tech giant Huawei was arrested on Saturday in Canada at the request of the United States, in a move likely to escalate tensions between the two countries at a delicate moment.

Canadian officials have arrested Meng Wanzhou, the chief financial officer and deputy chair of the board for the Chinese tech giant Huawei , CBC News has confirmed. Meng Wanzhou arrested on suspicion of violating trade sanctions against Iran: report.

Huawei, the biggest global supplier of network gear used by phone and internet companies, has been the target of deepening U.S. security concerns. Under Trump and his predecessor, Barack Obama, Washington has pressured European countries and other allies to limit use of its technology.

The U.S. sees Huawei and smaller Chinese tech suppliers as possible fronts for spying and as commercial competitors. The Trump administration says they benefit from improper subsidies and market barriers.

The timing of the arrest is awkward following the announcement of a U.S.-Chinese cease-fire in a trade war that has its roots in Beijing's technology policy. Meng was detained in Vancouver on Saturday, the day Presidents Donald Trump and Xi Jinping met in Argentina and announced their deal.

The Latest: China confirms holding 2 Canadians

The Latest: China confirms holding 2 Canadians BEIJING - The Latest on the detentions in China of two Canadian men (all times local): 3:55 p.m. China has confirmed it has detained two Canadian men, saying they were being detained on suspicion of "endangering national security." Foreign Ministry spokesman Lu Kang said Thursday that entrepreneur Michael Spavor and former Canadian diplomat Michael Kovrig were taken into custody on Monday. Lu says Canada has been informed of the detentions, but declined to say whether the men have been provided with lawyers. He says they are being handled separately.

China 's embassy in Canada , meanwhile, demanded the immediate release of Meng, who is also deputy chairman of Huawei 's board and the daughter of company founder Ren Zhengfei. "The Chinese side has lodged stern representations with the US and Canadian side, and urged them to immediately

Huawei is largely shut out of the U.S. market and Australia is currently considering blocking the Chinese Related: How Canadian money and research are helping China become a global telecom superpower. Since arriving in Canada a decade ago, Huawei has committed about -million to

Stock markets tumbled on the news, fearing renewed U.S.-Chinese tensions that threaten global economic growth. Hong Kong's Hang Seng lost 2.5 per cent and the DAX in Germany sank 1.8 per cent.

A Chinese government statement said Meng broke no U.S. or Canadian laws and demanded Canada "immediately correct the mistake" and release her.

Beijing asked Washington and Ottawa to explain the reason for Meng's arrest, said a Foreign Ministry spokesman, Geng Shuang. He said arresting her without that violated her human rights.

But the Ministry of Commerce signalled that Beijing wants to avoid disrupting progress toward settling a dispute with Washington over technology policy that has led them to raise tariffs on billions of dollars of each other's goods.

China is confident they can reach a trade deal during the 90 days that Trump agreed to suspend U.S. tariff hikes, said a ministry spokesman, Gao Feng.

Trudeau says he had advance notice of Huawei executive's arrest

Trudeau says he had advance notice of Huawei executive's arrest Prime Minister Justin Trudeau says Ottawa had a few days' prior notice of the arrest of an executive from the Chinese telecommunications giant Huawei following U.S. allegations the company violated sanctions on Iran. Authorities conducted the arrest without political interference, Trudeau said Thursday in his first comments on the arrest of Huawei's Chief Financial Officer Meng Wanzhou, which has further inflamed tensions between the U.S. and China. Meng was arrested in Vancouver on Saturday and is being sought for extradition by the U.S. A bail hearing has been set for Friday.

China urges her immediate release . Chinese Foreign Ministry spokesman Geng Shuang said neither Canada nor the US has so far responded to Beijing’s Meng Wanzhou, Huawei 's chief financial officer, was detained by Canadian law enforcement on Saturday and faces extradition to the US.

China 's embassy in Canada criticised Canada and the United States on Thursday for wrongfully arresting a senior executive at Chinese telecoms giant Huawei and demanded her immediate release .

Trump's tariff hikes on Chinese imports stemmed from complaints Beijing steals or pressures foreign companies to hand over technology. But U.S. officials also worry more broadly that Chinese plans for state-led creation of Chinese champions in robotics, artificial intelligence and other fields might erode U.S. industrial leadership.

"The United States is stepping up containment of China in all respects," said Zhu Feng, an international relations expert at Nanjing University. He said targeting Huawei, one of its most successful companies, "will trigger anti-U.S. sentiment."

"The incident could turn out to be a breaking point," Zhu said.

Last month, New Zealand blocked a mobile phone company from using Huawei equipment, saying it posed a "significant network security risk." The company was banned in August from working on Australia's fifth-generation network.

On Wednesday, British phone carrier BT said it was removing Huawei equipment from the core of its mobile phone networks. It said Huawei still is a supplier of other equipment and a "valued innovation partner."

China demands release of Huawei exec

China demands release of Huawei exec Chinese officials are demanding that Canada release Huawei Technologies' chief financial officer, who was arrested in Vancouver over the weekend and faces possible extradition to the United States. Foreign ministry spokesman Geng Shuang told reporters Thursday that the Chinese government also wants Canadian officials to reveal the reasoning behind Meng Wanzhou's arrest Saturday. He also said Meng's legal rights must be ensured, adding that neither Canadian nor American officials had so far responded to China's concerns.

Canadian authorities have arrested Huawei 's chief financial officer at the request of US law Meng Wanzhou, who is also deputy chair of the Chinese telecoms giant , was arrested in Vancouver on 1 China 's embassy in Canada issued a statement saying that at the request of the US, Canada had

Canadian authorities have arrested Huawei 's chief financial officer at the request of US law enforcement. Wanzhou Meng, the deputy chair of the Chinese telecommunications giant , was arrested in Vancouver on 1 December, a spokesman for Canada 's Department of Justice said.

The Wall Street Journal reported this year U.S. authorities are investigating whether Huawei violated sanctions on Iran. The Chinese government appealed to Washington to avoid any steps that might damage business confidence.

Huawei's biggest Chinese rival, ZTE Corp., was nearly driven out of business this year when Washington barred it from buying U.S. technology over exports to North Korea and Iran. Trump restored access after ZTE agreed to pay a $1 billion fine, replace its executive team and embed a U.S.-chosen compliance team in the company.

Huawei is regarded as far stronger commercially than ZTE. Based in Shenzhen, near Hong Kong, Huawei has the biggest research and development budget of any Chinese company and a vast portfolio of patents, making it less dependent on American suppliers.

Its growing smartphone brand is among the top three global suppliers behind Samsung Electronics and Apple Inc. by number of handsets sold.

Meng was changing flights in Canada when she was detained "on behalf of the United States of America" to face unspecified charges in New York, according to a Huawei statement.

"The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng," the statement said.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S. Canadian authorities have arrested the chief financial officer of Chinese tech giant Huawei Technologies in Vancouver, B.C. Wanzhou Meng, who also goes by Sabrina Meng, was arrested in Vancouver on Saturday, Dec. 1, Department of Justice Canada spokesperson Ian McLeod told Global News. He said Meng faces extradition to the U.S., and that a bail hearing has been set for Friday. "As there is a publication ban in effect, we cannot provide any further detail at this time," McLeod said. He added that the publication ban was sought by Meng. Huawei has not responded to Global News' request for comment. READ MORE: U.S.

Huawei is a leading global information and communications technology (ICT) solutions provider, we have established end-to-end advantages in telecom networks, devices and cloud computing. Canada [Change]. Corporate. About Huawei , Press & Events , and More.

Tech stocks took the biggest beating during the day. The executive was arrested at the request of the US for alleged violations of the trade embargo against Iran. China has demanded an explanation for the detention of its citizen from both the US and Canada , and her immediate release .

A U.S. Justice Department spokesman declined to comment.

Huawei said it complies with all laws and rules where it operates, including export controls and sanctions of the U.N., the U.S. and European Union.

Meng's arrest also threatened to inflame disagreements over Iran and Trump's decision to break with other governments and re-impose sanctions over the country's nuclear development.

Geng, the foreign ministry spokesman, said China objects to unilateral sanctions outside the United Nations. China has said it will continue to do business with Iran despite the possible threat of U.S. penalties.

Meng is a prominent member of China's business world as deputy chairman of Huawei's board and the daughter of its founder Ren Zhengfei, a former Chinese military engineer.

Despite that, her arrest is unlikely to derail trade talks, said Willy Lam, a politics specialist at the Chinese University of Hong Kong.

"I think too much is at stake for Xi Jinping. He desperately wants a settlement," said Lam.

Longer term, however, the case will reinforce official Chinese urgency about developing domestic technology suppliers to reduce reliance on the United States, said Lam.

Trump has "pulled out all the stops" to hamper Chinese ambitions to challenge the U.S. as a technology leader, Lam said. That includes imposing limits on visas for Chinese students to study science and technology.

"If the Chinese need further convincing, this case would show them beyond doubt Trump's commitment," said Lam.

David Mulroney, a former Canadian ambassador to China, said U.S. and Canadian business executives could face reprisals in China.

"That's something we should be watching out for. It's a possibility. China plays rough," Mulroney said. "It's a prominent member of their society and it's a company that really embodies China's quest for global recognition as a technology power."

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Gillies reported from Toronto. AP researcher Yu Bing in Beijing contributed.

Trade trip to China cancelled over Meng detention.
Trade trip to China cancelled over Meng detention

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