Huawei finance chief Meng Wanzhou arrested in Canada

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Authorities conducted the arrest without political interference, Trudeau said Thursday in his first comments on the arrest of Huawei's Chief Financial Officer Meng Wanzhou, which has further inflamed tensions between the USA and China.

Chinese Foreign ministry spokesman Geng Shuang told reporters Thursday that the Chinese government also wants Canadian officials to reveal the reasoning.

Thus far, China has demanded that Canada and the USA drop the case and release Meng immediately, accusing the North American nations of harming her human rights.

A clerk at the B.C. Supreme Court says Meng appeared in court Wednesday and a bail hearing is scheduled for Friday. Meng reportedly faces extradition to the USA for allegedly violating American sanctions against Iran. Authorities have suspected the company has been involved in defying sanctions on Iran since 2016, when the US investigated Huawei's Chinese rival ZTE over similar violations.

Evans argued the arrest is just one small part of a broader, longer-term geopolitical story playing out between the USA and China, and it is concerning for Canada to be caught in the middle.

New Zealand and Australia have stopped telecom operators using Huawei's equipment in new 5G networks because they are concerned about possible Chinese government involvement in their communications infrastructure.

Fears over how a full-blown trade war would affect China's economy and its appetite for imported goods and commodities have rocked investors around the world. Earlier this year, the U.S. Commerce Department said ZTE violated the settlement and barred it from buying any U.S. components - a move that all but halted many ZTE operations.

Huawei is one of the largest tech companies in the world, but it has been under pressure in nations like the USA, U.K., and Australia for allegedly doing the bidding of the Chinese government.

"Recall that over 100 Chinese companies traded limit down (last month) when news broke the U.S. urged allies to blacklist Huawei?"

The US Justice Department on Wednesday declined to comment.

Before a single share moves in regular USA trading hours, investors are braced for an ugly NY open, lashed once again by a litany of putative forces.

She is facing extradition to the United States on USA suspicions that Huawei violated sanctions against Iran by providing that country with telecommunications equipment. That means the intelligence agencies in Canada and the USA were tracking her and planning to arrest her for some time, " he said.

"The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng (Wanzhou)", it said.

If a USA target is in one those countries, one option for the OIA is to contact Interpol to put out what is known as a red notice indicating there is an outstanding arrest warrant for that person.

In 2013, as China was investigating the USA patent licensing firm InterDigital Inc. for possible violations of anti-monopoly law, authorities said they wanted to meet with InterDigital chief executive William Merritt, Reuters reported at the time. President Trump has agreed to postpone planned tariff hikes on Chinese goods, while China has pledged to purchase a "very substantial" amount of American produce and curb the export of deadly opioid Fentanyl to the United States in exchange.

The case that adds to technology tensions with Washington and threatens to complicate trade talks.

"The Chinese will absolutely interpret it as being directly connected", said Dean Cheng, a Heritage Foundation senior research fellow on Chinese political and security affairs. But American officials also worry more broadly about Chinese plans for state-led industry development they worry might erode USA industrial leadership.

Huawei is the world's largest supplier of equipment used by telephone and internet providers, and the world's third-biggest manufacturer of smartphones.

What has Canada said about the arrest?

"China has entertained hopes that they could split us away from the the Trump era", he said.

That view is being advanced by worldwide security analysts and former diplomats, following the arrest on Saturday of Meng Wanzhou.