The arrest was made at Washington's request as part of a USA investigation of an alleged scheme to use the global banking system to evade United States sanctions against Iran, according to people familiar with the probe.
Wu Xinbo, a professor of worldwide studies at Fudan University, said many Chinese will see Meng's arrest as part of an attempt by the United States to force China to continue manufacturing low-end consumer goods and prevent it from moving up to produce more advanced and valuable products.
US prosecutors want a top executive of China's Huawei Technologies to face charges of fraud linked to the skirting of Iran sanctions, a Vancouver court heard on Friday.
The discussions at the meeting underscore concerns rippling through U.S. businesses in the world's second largest economy, already facing a delicate balancing act amid a tense trade standoff between Washington and Beijing. However the U.S. is less keen to see Canada deepen trade with China. The case has emerged in the midst of United States moves against Chinese companies accused of stealing technology and Beijing's suspicion that Washington is trying to use politics to weaken China's continued growth. The case has prompted a lot of speculations including suggestions that Meng was "taken hostage" amid the US-China trade war.
It's unclear why it took the USA five years to take any serious action against Meng, - an issue raised by her defense, - but her arrest comes less than a week after the U.S. and China announced a 90-day truce in the ongoing trade war - and threatens to send it crumbling.
"We won't change our global supply chain partnerships".
However, commenting on the negotiations between Donald Trump and Xi Jinping, the left-leaning American MSM referred to the seeming ambiguity of the US-Chinese agreement, saying that the Chinese were "puzzled and irritated" by Trump's bravado in Twitter following the talks.
Speaking at Thursday's press conference, Shuang responded to allegations that Meng's arrest had to do with Chinese intelligence services being suspected of involvement in the hacking of the U.S. hotel group Marriot, saying that he was "not aware" of the situation.
There are exemptions for telecom equipment in USA sanctions against Iran, he argued.
"Huawei used an unofficial subsidiary named Skycom to transact business in Iran for Iranian telecommunication companies", Crown attorney John Gibb-Carsley alleged in a Vancouver courtroom.
LA, Dallas, NY-NJ , DC Headline XFL Cities for First Season
Commissioner Luck emphasized that they are committed to "listening to the fans" and keeping each game well under three hours. McMahon, the owner and chairman of World Wrestling Entertainment, announced plans to revive the league last January.
Sir David Attenborough Lays Into World Leaders At UN Climate Change Summit
G20 leaders on Saturday wrapped up their summit by declaring the Paris Agreement "irreversible". For 1.5 deg C, they must increase five-fold.
Fortnite Creative Officially Announced, Launches Later This Month
It's highly unlikely Epic would keep Fortnite offline until the late evening hours when the event is expected to wrap up. Many are speculating that season seven will be winter-themed, with most of the images featuring a winter aesthetic.
He added that Ms Meng should not be granted bail because she could be a flight risk due to her wealth and connections overseas. The prosecutor said she is accused of fraud.
"The Chinese obviously are not happy that this woman was grabbed at the airport in Vancouver, but they also recognize that there [were] judicial proceedings in the USA, that there was an worldwide mandate to grab her that had been issued", Ken Courtis chairman, Starfort Holdings told BNN Bloomberg in an interview on Friday.
The U.S. charges that China is using predatory tactics in its drive to overtake America's dominance in technology and global economic leadership. These allegedly include forcing American and other foreign companies to hand over trade secrets in exchange for access to the Chinese market and engaging in cyber theft.
Meng Wanzhou, the chief financial officer of Huawei Technologies, was arrested Saturday while in transit at Vancouver's airport.
Washington also regards Beijing's ambitious long-term development plan, "Made in China 2025", as a scheme to dominate such fields as robotics and electric vehicles by unfairly subsidizing Chinese companies and discriminating against foreign competitors.
"We need to have our own China policy driven by our own national interest, and unfortunately we have got ourselves caught in a situation where our China policy is being much fashioned by some hardliners in Washington", Mr. Manley told CTV Question Period in an interview to be aired on Sunday.
Huawei has been a subject of US national security concerns for years, and Meng's case echoes well beyond tariffs or market access. The company has said it complies with all applicable export control and sanctions laws and other regulations.
"You can trust her", he said.
In Britain, which is also a member of the Five Eyes, BT Group announced on Wednesday that it is removing Huawei equipment from its core 4G networks and will not use its 5G technology, a move made two days after Alex Younger, chief of the Secret Intelligence Service, known as MI6, questioned whether Britain should use Chinese gear. ZTE paid a US$892 million (RM3.71 billion) penalty.