The chief financial officer of Chinese telecommunications giant Huawei has been arrested in Canada and is now facing extradition to the United States in connection with alleged violations of Iran sanctions.
Meng Wanzhou, who is also the daughter of Huawei’s founder, Ren Zhengfei, was apprehended in Vancouver at the request of US law enforcement agencies, The Globe and Mail reported. Canadian authorities declined to offer further detail as to the nature of criminal charges.
US stock futures dropped sharply on the news, which has presented a new twist in sensitive trade negotiations between Washington and Beijing.
The Chinese embassy in Ottawa issued a statement condemning the action.
“China firmly opposes to and strongly protests over such kind of actions which seriously harmed the human rights of the victim. China has lodged stern representations with the US and Canada, urging them to immediately correct the wrongdoing and restore the personal liberty of Meng Wanzhou. We will closely follow the development of the issue and take all measures to resolutely protect the legitimate rights and interests of a Chinese citizen,” the statement read
Huawei said that it has not been informed as to the nature of the arrest.
“The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng. The company believes the Canadian and US legal systems will ultimately reach a just conclusion,” a spokesperson for the company said.
US Senator Marco Rubio – a cheerleader of penalties levied against Chinese telecoms firm ZTE for Iran sanctions violation – welcomed the action, citing what he described as Huawei’s threat to US national security.
“The arrest of Huawei’s CFO by the Canadian government for potential violations of Iran sanctions is welcome and I urge prompt extradition to the US,” Rubio was quoted as saying in a statement to The Globe. “Huawei has direct ties to the Chinese government and Communist Party, has long posed a serious risk to US national security, and I continue to strongly urge Canada to reconsider Huawei’s inclusion in any aspect of its 5G development, introduction, and maintenance.”
In the midst of a tentative trade truce between the US and China, the arrest of Huawei’s CFO presents one more issue of contention for leaders in both countries to deal with. Last spring, harsh penalties slapped on fellow Chinese national champion ZTE were eventually overruled by President Trump in the context of trade talks with China.
The move also comes as Huawei faces other challenges abroad this week, with UK wireless provider BT Group announcing that it will no longer use the Chinese firm’s equipment for its networks. The US, Australia and New Zealand have already issued restrictions on the use of Huawei gear in telecoms operations.
Richard Truong hehehe TINY TRUMP!
Richard Truong hehehe TINY TRUMP!
FYI, Trump bankrupted FOUR times in the past. If the US is considered a corporation, it could be Trump’s 5th banckrupcy.
FYI, Trump bankrupted FOUR times in the past. If the US is considered a corporation, it could be Trump’s 5th banckrupcy.
DOW lost 800 pts on Tuesday, yesterday market closed due to Bush funneral, at this instant loses another 600 pts.Trump’s only measure of achievement is wiped out. Expect another of equity market collapse in Asia tomorrow.
DOW lost 800 pts on Tuesday, yesterday market closed due to Bush funneral, at this instant loses another 600 pts.Trump’s only measure of achievement is wiped out. Expect another of equity market collapse in Asia tomorrow.
This may be the first step to destroy Trump ‘s pride over America and the world business Mr president immediately save your frendship and show your ability to govern.
This may be the first step to destroy Trump ‘s pride over America and the world business Mr president immediately save your frendship and show your ability to govern.
Dinner with Trump. April 2017: tells Xi ‘hey, I just launched 59 missles against Syria!…isn’t this choclate delicious?’ December 2018: three month trade war truce and surprise,surprise….come to find out… ‘hey Xi btw about this truce thing…ummm…it includes an arrest..yeah..Trade War,Cold War….yep! Art of the deal…jajaja’
Dinner with Trump. April 2017: tells Xi ‘hey, I just launched 59 missles against Syria!…isn’t this choclate delicious?’ December 2018: three month trade war truce and surprise,surprise….come to find out… ‘hey Xi btw about this truce thing…ummm…it includes an arrest..yeah..Trade War,Cold War….yep! Art of the deal…jajaja’
Boycott all Canadian and American products!
Boycott all Canadian and American products!
AT don’t delete posts for Chinese people to know the truth. Contrary opinions will lose legitimacy if opposing opinions are deleted. There should be balanced view of every opinion and let people decide which is right.
AT don’t delete posts for Chinese people to know the truth. Contrary opinions will lose legitimacy if opposing opinions are deleted. There should be balanced view of every opinion and let people decide which is right.
The beginning of the end. Genius Trump’s a great tactician and fools will pay a high price. It’s been designed right from the start – China’s CCP capitulation and subjugation. If Xi Jin Pig don’t comply, total collapse of China’s eco is just around the corner.
Trump knows China’s funding of its increasing militarization and it’s increasing aggressiveness and belligerence to US allies and small countries has to STOP.
To all those dreamers out there, good luck and enjoy your ride while it last.
“Jinhua was a key cog in a campaign to move away from chip imports – an influx that surpasses China’s annual spending on oil. Now that vision is in jeopardy. To some, it seems a matter of time till the Trump administrations targets the other two designated national champions: Tsinghua Unigroup’s Yangtze River Memory and Hefei Changxin, run by the government of central Anhui province.
“The majority of market watchers believe that Hefei and Fujian Jinhua – both are central to Beijing’s ambitions to develop home-grown semiconductor behemoths – will be forced out of the market”
https://m.scmp.com/tech/big-tech/article/2175031/chip-maker-caught-us-assault-chinas-tech-ambitions
In a survey conducted by the American Chamber of Commerce, nearly two-thirds of U.S. firmsoperating in southern China were contemplating relocating manufacturing from China to a third country;
https://www.lawfareblog.com/sinotech-us-commerce-department-bans-sales-fujian-jinhua
The beginning of the end. Genius Trump’s a great tactician and fools will pay a high price. It’s been designed right from the start – China’s CCP capitulation and subjugation. If Xi Jin Pig don’t comply, total collapse of China’s eco is just around the corner.
Trump knows China’s funding of its increasing militarization and it’s increasing aggressiveness and belligerence to US allies and small countries has to STOP.
To all those dreamers out there, good luck and enjoy your ride while it last.
“Jinhua was a key cog in a campaign to move away from chip imports – an influx that surpasses China’s annual spending on oil. Now that vision is in jeopardy. To some, it seems a matter of time till the Trump administrations targets the other two designated national champions: Tsinghua Unigroup’s Yangtze River Memory and Hefei Changxin, run by the government of central Anhui province.
“The majority of market watchers believe that Hefei and Fujian Jinhua – both are central to Beijing’s ambitions to develop home-grown semiconductor behemoths – will be forced out of the market”
https://m.scmp.com/tech/big-tech/article/2175031/chip-maker-caught-us-assault-chinas-tech-ambitions
In a survey conducted by the American Chamber of Commerce, nearly two-thirds of U.S. firmsoperating in southern China were contemplating relocating manufacturing from China to a third country;
https://www.lawfareblog.com/sinotech-us-commerce-department-bans-sales-fujian-jinhua
The beginning of the end. Genius Trump’s a great tactician and fools will pay a high price. It’s been designed right from the start – China’s CCP capitulation and subjugation. If Xi Jin Pig don’t comply, total collapse of China’s eco is just around the corner.
Trump knows China’s funding of its increasing militarization and it’s increasing aggressiveness and belligerence to US allies and small countries has to STOP.
To all those dreamers out there, good luck and enjoy your ride while it last.
“Jinhua was a key cog in a campaign to move away from chip imports – an influx that surpasses China’s annual spending on oil. Now that vision is in jeopardy. To some, it seems a matter of time till the Trump administrations targets the other two designated national champions: Tsinghua Unigroup’s Yangtze River Memory and Hefei Changxin, run by the government of central Anhui province.
“The majority of market watchers believe that Hefei and Fujian Jinhua – both are central to Beijing’s ambitions to develop home-grown semiconductor behemoths – will be forced out of the market”
https://m.scmp.com/tech/big-tech/article/2175031/chip-maker-caught-us-assault-chinas-tech-ambitions
In a survey conducted by the American Chamber of Commerce, nearly two-thirds of U.S. firmsoperating in southern China were contemplating relocating manufacturing from China to a third country;
https://www.lawfareblog.com/sinotech-us-commerce-department-bans-sales-fujian-jinhua
The beginning of the end. Genius Trump’s a great tactician and fools will pay a high price. It’s been designed right from the start – China’s CCP capitulation and subjugation. If Xi Jin Pig don’t comply, total collapse of China’s eco is just around the corner.
Trump knows China’s funding of its increasing militarization and it’s increasing aggressiveness and belligerence to US allies and small countries has to STOP.
To all those dreamers out there, good luck and enjoy your ride while it last.
“Jinhua was a key cog in a campaign to move away from chip imports – an influx that surpasses China’s annual spending on oil. Now that vision is in jeopardy. To some, it seems a matter of time till the Trump administrations targets the other two designated national champions: Tsinghua Unigroup’s Yangtze River Memory and Hefei Changxin, run by the government of central Anhui province.
“The majority of market watchers believe that Hefei and Fujian Jinhua – both are central to Beijing’s ambitions to develop home-grown semiconductor behemoths – will be forced out of the market”
https://m.scmp.com/tech/big-tech/article/2175031/chip-maker-caught-us-assault-chinas-tech-ambitions
In a survey conducted by the American Chamber of Commerce, nearly two-thirds of U.S. firmsoperating in southern China were contemplating relocating manufacturing from China to a third country;
https://www.lawfareblog.com/sinotech-us-commerce-department-bans-sales-fujian-jinhua
And that is what should be done exactly. Arrest few big US managers and then go for the talks.
And that is what should be done exactly. Arrest few big US managers and then go for the talks.