Huawei CFO Wanzhou Meng Arrested In Canada

The Chinese Embassy in Canada has issued a statement over the arrest of Meng Wanzhou

The Chinese Embassy in Canada has issued a statement over the arrest of Meng Wanzhou

He foresees a crisis in relations between the three countries if she is extradited and said any talk of free trade agreement between Canada and China would be over. But if the transcript the SCMP obtained is genuine, the dialogue helps explain the background of Meng's arrest in Canada.

Meng's arrest and detention have only amplified the already-tense state of U.S. It is "5G standards that are at the heart of the wider IP debate and why the US and her allies are now doing everything they can to cut to the heart of the Chinese technology IP revolution".

"The timing and manner of this is shocking", Andrew Gilholm, director of North Asia analysis at Control Risks Group, said by phone.

"You are the ones who arrested her and caused this".

"So while there was a brief moment of optimism after the weekend U.S".

"The question is whether value is emerging from the United Kingdom stock market", Mould said.

U.S. President Trump has threatened to raise tariffs on Chinese goods in response to complaints that Beijing improperly pressures foreign companies to hand over technology.

"It's not about trade - it's about who is going to be the economic and political leader of the world in 10 to 20 years from now".

David Mulroney, a former Canadian ambassador to China, says that while he doesn't want to overstate the possibility of a Canadian being jailed, China will be looking for ways to strike back.

The dispute over Meng's arrest comes just days after the USA and China agreed to a temporary truce on their escalating trade conflict.

Markets were closed Wednesday for a federal holiday in honor of the late President George H.W. Bush.

Congress Poised To Punt On Government Spending Fight Over Border Wall
While Democrats prefer a one-week extension, they signaled they would not object to a two-week delay. Democrats will take control of the House in January following last month's congressional elections.

A user of China's Twitter-like Weibo platform said Chinese should boycott products made by United States tech giant Apple Inc and instead buy Huawei products to show support for one of China's national champions.

Canadian authorities arrested Meng Wanzhou, the chief financial officer of Chinese telecom giant Huawei.

Perhaps no company better personifies the perceived trade threat than Huawei.

Despite being essentially barred from the critical United States market, Huawei surpassed Apple to become the world's number two smartphone maker in the second quarter of this year. The company was banned in August from working on Australia's fifth-generation network.

On Wednesday, BT announced it was removing Huawei's telecommunications equipment from its 4G cellular network, following a warning from the head of MI6 foreign intelligence service that singled out the Chinese company as a potential security risk.

"I am shocked. The US can't beat Huawei in the market". While the company has made advances in developing its own microchips, it still relies on American equipment to make its networking gear and smartphones.

A source familiar with the matter told Reuters the arrest stems from Huawei Technologies Co Ltd's [HWT.UL] alleged violation of us sanctions on Iran.

The ZTE case showed China's leaders that they needed to become independent from the US when it comes to critical technologies like semiconductors and network infrastructure, according to Graham Webster, coordinating editor of DigiChina at the Washington-based think tank New America. The company has been accused of using its devices to pass on information to the Chinese government, prompting the US Department of Defense to ban their sale on military bases. It receives preferential treatment and is heavily subsidized by the Chinese government while purchasing technology from US companies like Qualcomm.

"Their goal is to decouple with China", said Wang Yong, a professor at the School of International Studies at Peking University.

European stocks began the day well in negative territory but went further in the red after Wall Street opened strongly lower.

Latest News