China demands release of Huawei CFO Meng Wanzhou

China demands release of Huawei CFO Meng Wanzhou

Some have predicted that the US will use this situation as a bargaining chip in the trade dispute.

Huawei's chief financial officer, Meng Wanzhou, faces possible extradition to the United States, according to Canadian authorities.

This is not the first time a Chinese technology company has found itself in hot water with the US. That's an open question at this point-but either way, it could not be more tumultuous in effect. It had slipped almost 800 points earlier this week on investor concerns about the status of the trade talks. This sign is usually interpreted by traders as an indicator of coming recession.

As news of the arrest surfaced, lawmakers in Washington denounced Huawei for alleged links to China's communist leadership. "After some initial euphoria it became clear that there weren't a lot of detailed preparations, and therefore nobody really knew what was the likelihood of this agreement lasting".

The Vancouver houses, one on Matthews Ave.in Shaughnessy, the other on West 28th Avenue in Dunbar, are registered to Xiaozong Liu - according to B.C. Land Title registry records - the same name as Meng's husband, who is identified in Chinese media.

"The Chinese side has lodged stern representations with the USA and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms. Meng Wanzhou", the Chinese embassy's statement continued.

China, Russia and Saudi Arabia are among the countries with no US extradition treaties.

This arrest could materially damage the relationship between the U.S. and China at possibly one of the most sensitive times between the two countries in their long and torrid history.

The SCMP obtained a transcript of an internal question-and-answer between Meng and her father, Huawei's founder Ren Zhengfei. Meng...to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

The company's Canadian arm said in a statement that Meng's arrest is "in no way" related to Huawei Canada's business or research operations. This is something that we get from the Justice Department.

Huawei released a statement saying its CFO was arrested while changing planes in Vancouver and is facing charges in "the Eastern District of NY".

Huawei has said it complies with all applicable export control and sanctions laws and other regulations. Is the timing of the arrest deliberate?

It came on the same day Trump and Chinese President Xi Jinping dined together at the G20 summit in Buenos Aires.

The arrest wasn't made public until late Wednesday.

Meng could also be fitted with electronic monitoring equipment, and the court could go so far as to order security to monitor her while she awaits a decision on extradition, lawyers said.

"They're not going to look at the legality of it", he added.

Sasse said in a statement that China was "working creatively to undermine our national security interests, and the United States and our allies can't sit on the sidelines".

"I knew in advance".

He added that the United States has had "enormous concerns for years about the [.] practice of Chinese firms to use stolen American intellectual property, to engage in forced technology transfers, and to be used as arms of the Chinese government's objectives in terms of information technology in particular".

David Mulroney, a former Canadian ambassador to China, said US and Canadian business executives could face reprisals in China. They say Beijing is trying to press Canada where it might sense vulnerability - Ottawa's own strained relations with the Trump administration in Washington over tariffs and trade. "I think this is a question of one hand not knowing what the other hand is doing".

Meng was detained by Canadian authorities in Vancouver on December 1 - the same day Mr. Trump met with China's leader.

Huawei, now China's largest technology company by employees, with more than 180,000 staff and revenue of US$93 billion in 2017, started off selling digital telephone switches in the 1990s.

In January 2013, Reuters reported that Hong Kong-based Skycom Tech Co Ltd, which attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator, had much closer ties to Huawei than previously known.

China's foreign ministry urged Canada and the U.S. to "clarify" the reason for Meng's detention.

Trump has "pulled out all the stops" to hamper Chinese ambitions to challenge the U.S.as a technology leader, Lam said.

Huawei denies it poses any security risk and says it abides by the laws of each country.

Huawei today continues to expand into new areas including chip development, artificial intelligence and cloud computing. The Chinese company was crippled for months after the Commerce Department blocked it from buying vital parts from American companies.

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