China de­mand­ing re­lease of ex­ec­u­tive

CANADA DE­TAINS HUAWEI’S CFO

Warwickshire Telegraph - - WORLD -

CHINA has de­manded Canada re­lease a Huawei Tech­nolo­gies ex­ec­u­tive who was ar­rested in a case that adds to ten­sions with the United States and threat­ens to com­pli­cate trade talks.

Huawei’s chief fi­nan­cial of­fi­cer, Meng Wanzhou, faces pos­si­ble ex­tra­di­tion to the US, ac­cord­ing to Cana­dian au­thor­i­ties.

The Globe and Mail news­pa­per, cit­ing law en­force­ment sources, said she was ac­cused of try­ing to evade US curbs on trade with Iran.

The tim­ing is awk­ward, fol­low­ing the an­nounce­ment of a USChi­nese cease­fire in a tar­iff war over Bei­jing’s tech­nol­ogy pol­icy.

Meng was de­tained in Van­cou­ver on Satur­day, the day Pres­i­dents Don­ald Trump and Xi Jin­ping met in Ar­gentina and an­nounced their deal.

Asian stock mar­kets tum­bled on the news, fear­ing re­newed USChi­nese ten­sions that threaten global eco­nomic growth. Mar­ket in­dexes in Tokyo and Hong Kong fell by 1.9% and 2.8% and Shang­hai was off 1.7% at mid­day.

The Chi­nese Em­bassy in Ot­tawa said Meng broke no US or Cana­dian laws and de­manded Canada “im­me­di­ately cor­rect the mis­take” and re­lease her.

Huawei Tech­nolo­gies Ltd is the big­gest global sup­plier of net­work gear used by phone and in­ter­net com­pa­nies, but the US sees Huawei and smaller Chi­nese tech sup­pli­ers as pos­si­ble fronts for Chi­nese spy­ing.

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