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OffbeatChinese media: Huawei arrest a 'despicable rogue' action

13:20  07 december  2018
13:20  07 december  2018 Source:   msn.com

China summons US ambassador over Huawei arrest

China summons US ambassador over Huawei arrest China summoned the US ambassador on Sunday to protest the "extremely bad" arrest of telecom giant Huawei's chief financial officer in Canada and demand that the United States drop its extradition request. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The arrest of Meng Wanzhou, who faces US fraud charges related to sanctions-breaking dealings with Iran, has infuriated Beijing, threatening to disrupt a trade war truce between China and the United States.

The United States is trying to "stifle" Chinese technology company Huawei and curb its global expansion with the arrest of a top executive Huawei Technologies Co Ltd’s chief financial officer, Meng Wanzhou, the 46-year-old daughter of the company’s founder, was detained in Canada on Dec.

Meng Wanzhou, who faces extradition to US, said to have been investigated over alleged sanctions breaches.

Chinese media: Huawei arrest a 'despicable rogue' action© Provided by AFP Huawei is one of the world's largest telecommunications equipment and services providers, but its US business has been tightly constrained by worries it could undermine American competitors

Chinese state-run media on Friday condemned the arrest in Canada of a top executive of telecoms giant Huawei on a US extradition request as a "despicable rogue's approach" to contain Chinese high-tech ambitions.

The arrest of Meng Wanzhou, chief financial officer and daughter of the company's founder, has angered the Chinese government and raised concerns that it could disrupt a trade war truce between the world's two biggest economies.

Dow, S&P 500 futures tumble after arrest of Huawei CFO

Dow, S&P 500 futures tumble after arrest of Huawei CFO U.S. stock market futures tumbled in early trading Wednesday night , signalling potential Thursday losses on Wall Street, after Canada arrested a top executive of Chinese telecom giant Huawei Technologies at the request of the U.S., a move that is seen as exacerbating tensions between the U.S. and China. Dow Jones Industrial Average futures (ymz8) were down more than 300 points Wednesday night, off more than 1.4%. S&P 500 futures (esz8) and Nasdaq Composite futures (nqz8) were also down more than 1%. Asian stock markets fell as well, with Hong Kong's Hang Seng Index (hk:hsi) down more than 2%.

The arrest drew a sharp response from Chinese media and on the mainland's social media . "I am shocked. The U.S. can't beat Huawei in the market. Don't act like a despicable rogue ," Tweeted Hu Xijin, editor of the Global Times, a nationalistic tabloid run by the ruling Communist Party's People's

Chinese Foreign Ministry spokesman Geng Shuang said neither Canada nor the US has so far responded to Beijing’s concerns. “We have made solemn representations to Canada and the US, demanding that both parties immediately clarify the reasons for the detention

Canada defended the arrest on Thursday, saying there was no political motivation, and a senior advisor to US President Donald Trump denied it was linked to US-China trade talks.

But Chinese media cast the move as an assault on the development of the country's high-tech industry.

"The Chinese government should seriously mull over the US tendency to abuse legal procedures to suppress China's high-tech enterprises," said the nationalist tabloid Global Times in an editorial.

"Obviously, Washington is resorting to a despicable rogue's approach as it cannot stop Huawei's 5G advance in the market," it said.

The China Daily warned that "containing Huawei's expansion is detrimental to China-US ties".

US authorities have not disclosed the charges she faces following a publication ban sought by Meng, but "one thing that is undoubtedly true and proven is the US is trying to do whatever it can to contain Huawei's expansion in the world simply because the company is the point man for China's competitive technology companies," the daily said.

Chinese state media distance Huawei arrest from U.S. trade talks

Chinese state media distance Huawei arrest from U.S. trade talks Chinese state media distance Huawei arrest from U.S. trade talks

The arrest of a Chinese tech executive in Canada on Saturday was the most recent and public chapter of an ongoing battle between the U.S “ Huawei is effectively an arm of the Chinese government, and it's more than capable of stealing information from U.S. officials by hacking its devices," Sen.

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.

China has lodged diplomatic protests over the arrest and has repeatedly asked the US and Canada to "clarify" reasons for the arrest.

"In the past seven days, be it Canada or the US, neither have provided any evidence of the involved party breaking the law in either country," Chinese foreign ministry spokesman Geng Shuang told a regular press briefing in Beijing.

Meng's arrest follows a US probe into the company's alleged violations of Iran sanctions. She faces a bail hearing in Canada on Friday.

-'Game of politics'-

Though China's technology sector is still reliant on certain US exports like microchips, Beijing wants to transform the country into a global tech leader -- with a technological prowess rivalling the United States -- in a plan dubbed "Made in China 2025".

Huawei is one of the world's largest telecommunications equipment and services providers. Its products are used by carriers around the world, including in Europe and Africa.

Canadian prosecutor: Meng Wanzhou a flight risk

Canadian prosecutor: Meng Wanzhou a flight risk A prosecutor for the Canadian government says the chief financial officer of Chinese telecom giant Huawei has incentive to flee Canada because she faces charges in the U.S. of up to 30 years in prison. The prosecutor said at the bail hearing for Meng Wanzhou that she has vast resources and would be motivated to flee Canada and return home to China. He says the charges Meng is facing in the U.S. have to do with Huawei using an unofficial subsidiary to access the Iran market in dealings that would contravene U.S. sanctions. Meng is accused of fraud.

Chinese telecom giant, Huawei technologies has been thrust into the international spotlight, after it was revealed the company’s chief financial officer, Meng Wanzhou, was arrested in Vancouver on Saturday. Meng, the daughter of Huawei ’s founder, is facing possible extradition to the United States.

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But its US business has been tightly constrained by worries it could undermine American competitors and that its cellphones and networking equipment, used widely in other countries, could provide Beijing with avenues for espionage.

Australia, New Zealand and Britain have followed suit this year by rejecting some of the company's services over security concerns.

Japan too plans to ban government use of telecom products made by Huawei and Chinese tech firm ZTE, reported Japanese media Yomiuri Shimbun on Friday.

Chinese netizens have criticised Meng's arrest on Weibo, China's Twitter-like platform, where online trolls sometimes deliberately incite nationalist fervour or pro-government stances.

Some users viewed the incident as part of the trade war -- and a broader conspiracy to keep down China's technological development.

"One of the most important reasons why the US started the trade war was to attack China's technology sector and its 'Made in China 2025' plan," wrote one Weibo user.

The goal is to keep China stuck in "low-end industries and force China into the middle income trap."

China tells Canada to release Huawei CFO Meng Wanzhou or face severe consequences

China tells Canada to release Huawei CFO Meng Wanzhou or face severe consequences China told Canada to release Huawei Technologies’ chief financial officer Meng Wanzhou who was arrested last week in Canada and faces extradition to the U.S. after being arrested in the country last week. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Meng, 46, was taken into custody on Saturday, Dec. 1, 2018, on behalf of the U.S., while she was transferring flights in Vancouver, the tech company said. She’s accused of trying to evade U.S. sanctions on Iran.

A sharp decline in technology shares has dragged down benchmark stock indexes in China and Hong Kong since the global chief financial officer of Chinese technology giant Huawei was detained in relation to alleged violations of US sanctions.

The executive was arrested at the request of the US for alleged violations of the trade embargo against Iran. The arrest sparked fear among investors, who apparently see it as another sign that the truce in the trade war between Washington and Beijing is shaky.

The detention of Meng appears to be a "game of politics", wrote another user.

- 'Totally separate issues' -

Earlier this year, ZTE nearly collapsed after Washington banned US companies from selling crucial hardware and software components to it for seven years, though the ban was lifted after it agreed to pay a $1 billion fine.

Some analysts say Meng's arrest could be used as a bargaining chip, but White House trade advisor Peter Navarro denied it was linked the US-China trade negotiations.

"The two issues are totally separate," Navarro told CNN.

But CNN, quoting an unnamed official, said that the United States saw the arrest as providing leverage in trade talks.

Canadian Prime Minister Justin Trudeau also denied "any political involvement or interference" in Meng's arrest.

"I can assure everyone that we are a country (with) an independent judiciary," Trudeau told a tech conference in Montreal.

Trump's national security advisor, John Bolton, said he knew that Canada was planning to arrest Meng, but he declined to discuss specifics of the case.

But, he added, the United States has had "enormous concerns for years" about the practice of Chinese firms to "use stolen American intellectual property" and being used as "arms of the Chinese government's objectives in terms of information technology in particular."

"So not respecting this particular arrest, but Huawei is one company we've been concerned about," he added.

Huawei CFO arrested in Canada for violating U.S. sanctions on Iran: report.
Huawei CFO arrested in Canada for violating U.S. sanctions on Iran: report

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