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Arrest of Huawei 'heiress' throws rare spotlight on family

07 December 2018
Arrest of Huawei 'heiress' throws rare spotlight on family

China demanded on Thursday that Canadian authorities release Meng, who faces possible extradition to the U.S. The Chinese embassy in Ottawa said Meng's human rights were being violated and demanded her immediate release.

He also said he could not comment further because of a publication ban. "The ban was sought by Ms Meng". Just $5 a month.

"China should be fully prepared for an escalation in the trade war with the US, as the USA will not ease its stance on China, and the recent arrest of the senior executive of Huawei is a vivid example", thundered the state-run Global Times in a tweet bearing an image of flag-emblazoned fists.

The Wall Street Journal reported this year USA authorities are investigating whether Huawei violated sanctions on Iran. But ZTE (ZTCOF), a Chinese tech firm that was temporarily crippled by a USA export ban earlier this year, slumped almost 9%.

Chinese officials on Thursday blasted Meng's arrest - but experts warn more forceful actions, including the possibility of tit-for-tat detentions of high-profile citizens, could be coming.

She is facing extradition to the United States on US suspicions that Huawei violated sanctions against Iran by providing that country with telecommunications equipment.

Meng Wanzhou, Huawei's chief financial officer, has been detained in Canada and may be extradited to the U.S. to face charges.

Huawei Technologies Ltd., the biggest global supplier of network gear used by phone and Internet companies, has previously been the target of USA security concerns. The Globe and Mail newspaper, citing law enforcement sources, said she is accused of trying to evade US curbs on trade with Iran.

It's noteworthy that Huawei adopted a highly cautious and moderate tone in the statement.

The Wall Street Journal reported in April that American authorities are investigating whether the Chinese tech company violated sanctions on Iran.

"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. In its statement, a Ministry spokesperson demanded that the two countries "effectively protect the legitimate rights and interests of the person concerned".

Foreign Ministry spokesman Geng Shuang made the statement at a regular news briefing, adding that the Chinese consulate in Canada had been providing assistance to Meng. The timing of her arrest, coinciding with trade negotiations between U.S. President Donald Trump and Chinese President Xi Jinping, has some observers speculating about a possible political motivation. Both he and 46-year-old Meng have led very private lives.

While few details of the arrest have yet been released, the Canadian Justice Department has confirmed that Meng was sought for extradition by the US.

Just days after President Trump announced a "BIG leap forward" in relations between the US and China, tensions between the two economic heavyweights are escalating once more. "Don't act like a despicable rogue".

USA national security adviser John Bolton told National Public Radio that he knew of Meng's pending arrest in advance and was unclear whether Trump knew of it when he met with Xi.

As a result, some of the closest allies of the US, such as the U.K., Australia and New Zealand have banned or restricted Huawei on its 5G networks.

Annabel Yao, 20, Meng's half-sister, posed in front of a grand piano with her mother, identified by the magazine as Yao Ling, and Ren, who wore a blue shirt with his hand resting on his smiling daughter's shoulder. In such cases, after a reasonable decision-making process, one may accept the risk of temporary non-compliance. The opening salvos of what Beijing has called "the largest trade war in economic history" were fired in July, when the U.S.

The arrest comes at a sensitive time for US-China relations.