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Huawei CFO's arrest renews US-China trade fears

China tells Canada to release Huawei CFO Meng Wanzhou or face severe consequences


By —— Bio and Archives--December 8, 2018

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China has warned Canada it will face severe consequences unless it releases Huawei Technologies’ chief financial officer Meng Wanzhou, who faces extradition to the U.S. after being arrested in the country last week.

Meng, 46, was taken into custody on Saturday, Dec. 1, 2018, on behalf of the U.S., while she was transferring flights in Vancouver, the tech company said. She’s accused of trying to evade U.S. sanctions on Iran. She is the daughter of Huawei founder Ren Zhengfei, a former Chinese military engineer worth $3.2 billion, according to Forbes magazine.—More…

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