China Demands Release of Telecom Executive Arrested in Canada

The reason for Wanzhou Meng's arrest was not immediately

The reason for Wanzhou Meng's arrest was not immediately

The U.S. sees Huawei and smaller Chinese tech suppliers as possible fronts for Chinese spying and as commercial competitors.

The long-standing U.S. -Canada treaty requires the offence for which extradition is sought to be a crime in both countries. He was sentenced to 46 months in prison. "It certainly raises concerns about the future of talks.this is certainly another step-back in the ongoing trade negotiations".

Now, there are fears of what China may do next. For Canadian businesses, barring any tit-for-tat arrests it may be hard to track ramifications.

The ministry added it could not provide further details because of a publication ban that was sought by Meng.

Meng Wanzhou is facing extradition to the United States on charges which are said to relate to USA sanctions.

Bolton told NPR earlier Thursday he "knew in advance", but his spokesperson said the comment referred to the briefing Bolton received before news reports surfaced about the arrest.

However, according to analysts, this arrest will offset any optimism after the G20.

The ban threatened to put ZTE out of business and highlighted China's continued reliance on American technology, a vulnerability Beijing is eager to reduce.

On Thursday, China's Ministry of Foreign Affairs Geng Shuang responded to news of her arrest, demanding clarification regarding the reason for her arrest, as well as her immediate release.

Chinese authorities have criticized the United States and Canada, saying they did not explain why Ms. Meng was arrested and demanded her release.

But Trudeau said Thursday he hasn't talked to any worldwide counterparts about the affair, and he made clear he's staying out of it.

Aguero absent from Man City group travelling to Watford
Pep Guardiola declared himself "delighted" to see his side scrap their way to a 3-1 win over Bournemouth at the Etihad Stadium. It's too early to see how decisive it is. "You finish Boxing Day and January is tougher and February again".

Some element of calm was restored in Asia on Wednesday after supportive comments from Beijing - its first reaction to hopes a new trade agreement between the U.S. and China could be reached within a 90-day deadline.

"The concept of getting a quick resolution is fading", Art Hogan, chief market strategist at B. Riley FBR, said of the trade tensions between the world's two largest economies. Carvin speculated on Twitter that this could affect the sale of Canadian lobsters, among other things.

The US has brought a number of legal cases against Chinese technology firms, with accusations such as cyber-security theft and violations of Iran sanctions.

"If the Trump administration were really serious about Iran, that would be the overwhelming priority, and it wouldn't have granted waivers to eight countries allowing them to import Iranian oil", Miller said.

"It's the bully next door Trudeau and Canadians have the most to worry about, and if the choice is between Beijing or Washington, Washington will always trump Beijing", said Hampson. "The Chinese government should seriously mull over the USA tendency to abuse legal procedures to suppress China's high-tech enterprises". Chinese technology has been a particular bugbear for the US president, who has justified imposing tariffs on Chinese imports with allegations of intellectual property theft by Chinese companies.

Here are some key facts about the fast-growing telecoms equipment supplier.

It sells more smartphones than Apple (AAPL) and builds telecommunications networks in countries around the world.

Republican Senators Ted Cruz, Marco Rubio and Ben Sasse welcomed news of the arrest and said the world's biggest telecoms equipment maker posed a security threat. Mark Warner, D-Va., and Marco Rubio, R-Fla., wrote in October to Canadian Prime Minister Justin Trudeau. Canadian media also reported on Wednesday that the detention was likely linked to suspected US sanctions violations.

It said that Canada, at the request of the United States, had arrested a Chinese citizen "not violating any American or Canadian law". The tech company said it complies with all laws and rules where it operates.

Huawei's business in Iran grew after Western companies withdrew to protest a crackdown on demonstrators in 2009.

"Their companies are not like ours", he said. The arrest warrant came from the United States and was based on the violation of the trade sanctions against Iran. Huawei has denied the links.

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