Author Topic: Huawei exec's arrest opens a new front in the US-China trade war  (Read 1588 times)

adroth

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Huawei exec's arrest opens a new front in the US-China trade war
« on: December 07, 2018, 02:21:27 AM »
Huawei exec's arrest opens a new front in the US-China trade war
Updated 11:28 AM EST December 6, 2018

Hong Kong

https://www.cnn.com/2018/12/06/business/huawei-us-china-trade-war/index.html

Hong Kong (CNN Business)The conflict between the United States and China over trade and technology is expanding.

The arrest of a top executive at Chinese tech giant Huawei at the request of the US government has angered Beijing, alarmed investors and raised new doubts about the fragile truce that the leaders of the world's top two economies reached just days ago.

"You have to see this as a significant escalation in the trade war," said Christopher Balding, a China expert at the Fulbright University Vietnam in Ho Chi Minh City.

Viewed by US intelligence agencies as a national security threat, Huawei is one of China's most prominent tech companies. It sells more smartphones than Apple (AAPL) and builds telecommunications networks in countries around the world.

Canadian authorities said late Wednesday that Huawei's chief financial officer, Meng Wanzhou, had been arrested in Vancouver and that the United States is seeking her extradition.

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« Last Edit: December 10, 2018, 01:20:11 PM by adroth »

adroth

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Re: Huawei exec's arrest opens a new front in the US-China trade war
« Reply #1 on: December 10, 2018, 01:29:20 PM »
China summons U.S. ambassador, warns Canada of 'grave consequences' if Huawei executive Meng Wanzhou is not released
Meng faces extradition to the United States after being arrested in Vancouver last week. A bail hearing is set to resume on Monday.
Dec. 9, 2018 / 4:35 AM PST / Updated 6:59 AM PST
By Linda Givetash

https://www.nbcnews.com/news/world/china-warns-grave-consequences-if-huawei-executive-meng-wanzhou-not-n945696

China summoned the U.S. ambassador on Sunday after warning Canada of "grave consequences" if a top executive of leading tech giant Huawei isn't released from detention on a U.S. arrest warrant.

Vice Foreign Minister Le Yucheng met with U.S. Ambassador Terry Branstad to lodge a "strong protest" against the arrest of Meng Wanzhou, Huawei's chief financial officer, the ministry said in a statement.

Le urged the United States to withdraw its arrest warrant and warned the ambassador that further measures will depend on U.S. actions, the statement said.

Meng faces extradition to the United States after being arrested in Vancouver, British Columbia, on Dec. 1. A bail hearing is set to resume on Monday.

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adroth

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Re: Huawei exec's arrest opens a new front in the US-China trade war
« Reply #2 on: January 20, 2019, 12:43:21 AM »
Canada counters China threat of ‘repercussions’ if Huawei banned
Published January 19, 2019, 9:57 AM
By Agence France-Presse

https://news.mb.com.ph/2019/01/19/canada-counters-china-threat-of-repercussions-if-huawei-banned/

Public Safety Minister Ralph Goodale on Friday said Canada won’t be browbeaten by Beijing as it mulls whether or not to ban Huawei equipment from new telecommunication networks.

His comments come after China’s ambassador to Ottawa, Lu Shaye, on Thursday warned of “repercussions” if Canada joins intelligence-sharing allies in barring the Chinese telecom firm from its 5G cellular networks over security concerns.

Ottawa and Beijing are locked in a diplomatic row that began in early December with the arrest in Canada of Huawei chief financial officer Meng Wanzhou on US fraud charges related to alleged Iran sanction violations.

“We’ve made abundantly clear that we will not compromise national security. We will take the appropriate analysis and take the decision ultimately that we believe to be in Canada’s interest,” Goodale said, adding that Ottawa “will not be deterred” by China’s threats over 5G.

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adroth

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Re: Huawei exec's arrest opens a new front in the US-China trade war
« Reply #3 on: January 20, 2019, 12:46:38 AM »
Prisoner in Vancouver: Huawei CFO Meng Wanzhou awaits her fate in splendour
Meng’s bail terms include the GPS monitor, an 11pm to 6am curfew, and 24-hour surveillance by a private security firm
PUBLISHED : Friday, 18 January, 2019, 1:23pm
UPDATED : Friday, 18 January, 2019, 4:12pm

https://www.scmp.com/tech/big-tech/article/2182658/prisoner-vancouver-huawei-cfo-meng-wanzhou-awaits-her-fate-splendour

Meng Wanzhou steps out of her US$4.2 million mansion, a GPS monitor strapped to her ankle, and slips into a chauffeured black SUV. Then she is off, largely free to roam the shops and restaurants within 100 square miles of Vancouver until her 11pm curfew.

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Meng’s arrest at the behest of the US – which wants to extradite her on grounds she tricked banks into potentially violating Iran sanctions – has sparked an unprecedented diplomatic row. Nine days after her December 1 arrest during a stop over in Vancouver, China detained two Canadians on national security grounds. And this week, a China court imposed a death sentence, following a one-day trial, on a Canadian found guilty of drug smuggling.

How Meng’s case will be resolved remains unclear, though she has become an object of fascination in a city where her family owns two homes and where she spent down time when she was not running Huawei’s finances. Tourists stop by to take selfies outside her home near a 2,000-acre park overlooking the Pacific Ocean, where she is ensconced with her husband and daughter.

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