Canada arrests CFO of China's Huawei Technologies

The reason for Wanzhou Meng's arrest was not immediately

The reason for Wanzhou Meng's arrest was not immediately

A Chinese foreign ministry spokesperson has demanded the USA and Canada justify the arrest, and referred to Wanzhou's detention as a human rights violation, a charge often leveled at Beijing.

Geng told reporters on Thursday that neither Canada or the US had so far responded to China's concerns, reports the Associated Press.

However, the arrest drew a swift response from China, which said it "firmly opposes and strongly protests" the move, adding it had urged Canada and the U.S. to "immediately correct the wrongdoing". Meng has a bail hearing set for Friday, according to Canada's Globe and Mail.

Canada did a similar favour for the Americans in July 2014 when it arrested a Chinese businessman in British Columbia for hacking the data bases of US defence contractors to steal military secrets.

The Wall Street Journal reported in April that American authorities are investigating whether the Chinese tech company violated sanctions on Iran. He said arresting her without that violated her human rights.

Ms Meng's detention also raised concerns about potential retaliation from Beijing in Canada, where Prime Minister Justin Trudeau sought to distance himself from the arrest.

The privately held company, based in southern China's tech hub of Shenzhen near Hong Kong, is the world's largest supplier of network gear used by phone and internet companies.

This arrest could materially damage the relationship between the U.S. and China at possibly one of the most sensitive times between the two countries in their long and torrid history.

The news about the arrest comes the same day Britain's BT Group said it was removing Huawei's equipment from the core of its existing 3G and 4G mobile operations and would not use the Chinese company in central parts of the next network.

"The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".

However a 90-day truce on the tit-for-tat trade war between the two superpowers promised to provide markets with some short term stability.

"This is something that we get from the Justice Department", he said. "Once the arrest has been made, the extradition request filed, it's not an easy thing even for the (U.S.) president to cancel a judicial action".

In a statement issued exclusively to the News from Huawei's corporate head office, the company explained how Meng was "provisionally detained by the Canadian authorities on behalf of the United States of America, which seeks the extradition of..." US intelligence agencies allege that Huawei is linked to China's government and that its equipment could contain "backdoors" for use by government spies.

Huawei says the US requested Meng's arrest and it is unaware of any wrongdoing.

The statement went on to say how Huawei complies with all applicable laws and regulations where it operates, "including applicable export control and sanction laws and regulations of the United Nations, USA and European Union". It should increase interaction with the USA and exert pressure when necessary.

The arrest happened at about the same time that President Donald Trump dined with Chinese President Xi Jinping in Buenos Aires last Saturday (Dec 1) to discuss the trade war between the countries.

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.

A profile of Huawei's chief financial officer Meng Wanzhou is displayed on a Huawei computer at a store in Beijing on December 6, 2018.

Aaron David Miller, a vice president at the Wilson Center, said the clash of priorities - squeezing Iran on one hand and reaching a trade agreement with China on the other - was likely accidental.

CNN, quoting an unnamed official, said that the United States saw the arrest as providing leverage in trade talks. Huawei's smaller rival ZTE Corp pleaded guilty past year to conspiring to evade embargoes by selling US equipment to Iran. Huawei is the world's largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about $92 billion past year.

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