China demands Canada release Huawei executive
BEIJING (AP) — China on Thursday demanded Canada release a Huawei Technologies executive who was arrested in a case that adds to technology tensions with Washington and threatens to complicate trade talks.
Huawei’s chief financial officer, Meng Wanzhou, faces possible extradition to the United States, according to Canadian authorities.
The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade U.S. trade curbs on Iran.
The timing is awkward following the announcement of a U.S.-Chinese cease-fire 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.
Stock markets tumbled on the news, fearing renewed U.S.-Chinese tensions that threaten global economic growth. Hong Kong’s Hang Seng lost 2.5 percent and the DAX in Germany sank 1.8 percent.
A Chinese government statement said Meng broke no U.S. 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 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.