China demands Huawei executive release

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A PROFILE of Huawei’s chief financial officer Meng Wanzhou is displayed on a Huawei computer at a Huawei store in Beijing, China, Thursday, 6 December 2018. Canadian authorities said Wednesday that they have arrested Meng for possible extradition to the United States. AP

BEIJING — 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 accused of trying to evade US curbs on trade with Iran.

The timing is awkward following the announcement of a US-Chinese ceasefire 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.

Asian stock markets tumbled on the news, fearing renewed US-Chinese tensions that threaten global economic growth. Market indexes in Tokyo and Hong Kong by 1.9 percent and 2.8 percent and Shanghai was off 1.7 percent at midday.

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