China demands Canada release executive of tech giant Huawei
knew of the pending arrest in advance. He declined to talk about the specifics of the case and said he didn’t know if Trump knew about before it happened but added that there has been enormous concern about the practice of Chinese firms like Huawei allegedly using stolen US intellectual property. He said that would be a major subject of negotiations with China.
Canadian Prime Minister Justin Trudeau said he was given a few days advance notice of the intention of Canadian authorities to arrest her but said it was the decision of law enforcement and there was no political interference.
“I can assure everyone that we are a country of an independent judiciary and the appropriate authorities took the decisions in this case without any political involvement or interference,” Trudeau said.
He also said he could not comment further because of a publication ban. A spokesman for Canada’s justice department said Meng requested the ban and the department could not comment further.
Stock markets tumbled on the news, fearing renewed Uschinese tensions that threaten global economic growth. Hong Kong’s Hang Seng lost 2.5 per cent and the DAX in Germany sank 1.8 per cent. In the US, stocks knocked more than 780 points off the Dow Jones Industrial Average before the Dow rallied to finish just 79 points down.
A Chinese government statement said Meng broke no US or Canadian laws and demanded Canada “immediately correct the mistake” and release her.
Beijing asked Washington and Ottawa to explain the reason for Meng’s arrest, said a Foreign Ministry spokesman, Geng Shuang. He said arresting her without that violated her human rights.
But the Ministry of Commerce signalled that Beijing wants to avoid disrupting progress toward settling a dispute with Washington over technology policy that has led them to raise tariffs on billions of dollars of each other’s goods.
China is confident they can reach a trade deal during the 90 days that Trump agreed to suspend US tariff hikes, said a ministry spokesman, Gao Feng.
Trump’s tariff hikes on Chinese imports stemmed from complaints Beijing steals or pressures foreign companies to hand over technology. But US officials also worry more broadly that Chinese plans for state-led creation of Chinese champions in robotics, artificial intelligence and other fields might erode US industrial leadership.
“The United States is stepping up containment of China in all respects,” said Zhu Feng, an international relations expert at Nanjing University. He said targeting Huawei, one of its most successful companies, “will trigger anti-us sentiment”.
“The incident could turn out to be a breaking point,” Zhu said.
The Huawei logo is seen at a Huawei store at a shopping mall in Beijing, China.
Chief financial officer ofHuawei Technologies Ltd Meng Wanzhou