Canada's Trudeau insists arrest of Huawei CFO not 'political'

Asian markets tumble, China tech hit after Huawei arrest

Canada arrests Huawei CFO, to extradite her to US

Analysts and traders had hoped that talks between US President Donald Trump and Chinese premier Xi Jinping would cool the trade war between the world's biggest economies. She is to appear in a Vancouver court on Friday for a bail hearing.

But China's government says that she hasn't broken any USA or Canadian laws, and is demanding that Canada "immediately correct the mistake" and release her.

"At the request of the US side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law".

The comments come after China's embassy in Ottawa issued a statement Wednesday calling Meng's arrest a serious violation of human rights.

Huawei's chief financial officer, Meng Wanzhou, faces possible extradition to the United States, according to Canadian authorities.

Huawei Technologies Ltd., the biggest global supplier of network gear used by phone and Internet companies, has previously been the target of US security concerns. But the Wall Street Journal reported in April that US authorities were investigating whether Huawei violated sanctions on Iran, leading the Chinese government to appeal to Washington to avoid any steps that might have damaged business confidence. Huawei is the world's largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about $92 billion a year ago.

There had already been concerns in the U.S. over the security of Huawei's technology amid worries that the Chinese government could use the tech company's products to spy on Americans, an allegation the company has long denied.

After Mr Bolton's interview, a White House official said that Mr Trump was not aware of the arrest in advance, distancing the President from the provocative move.

In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the US, and American companies and its government should avoid doing business with the company.

Sen. Mark Warner, who wrote a letter alongside Rubio to Canadian Prime Minister Trudeau in October asking him to reconsider including Huawei in its country's 5G network, urged the Trump administration to hold the Chinese telecommunications giant "accountable".

The company was founded in 1987 by former military officer Ren Zhengfei. BT, Britain's largest mobile provider, said this week it was removing the equipment of Huawei from its 4G cellular network.

He also claimed that the incident "will seriously impact China and the USA implementing consensus reached between two state leaders". The daughter of the Chinese telecommunications giant's founder was arrested Saturday in Canada on US request, in a move that threatens to inflame U.S.

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

No one answered the door when Postmedia News visited the Dunbar home Thursday afternoon, but neighbourhood residents said they recognized Meng from media reports, though they did not want to talk on the record.

Both Huawei and ZTE have not only been barred from use by United States government agencies and contractors; they have also been mostly locked out of the American market.

Geng said the USA and Canada haven't provided reasons for Meng's detention.

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 USA intellectual property.

The company had been investigated by U.S. intelligence, who deemed it a national security threat.

Faced with this explosive report, Huawei first denied the story, calling the report "unfounded".

"I believe that China's government will use maximum force to fight for freedom and justice for Meng Wanzhou".

The head of the United Kingdom intelligence agency MI6 also said the United Kingdom needs to decide if it was "comfortable with Chinese ownership of these [5G] technologies".

In exchange, ZTE agreed to pay a hefty $1 billion fine and put an additional $400 million in escrow in case of future violations.

He also responded to the idea that Meng could be found guilty in Canada for being in breach of sanctions the USA has imposed on Iran.

China's embassy in Canada criticized Canada and the United States for the arrest.

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