China, “US Should Withdraw Arrest Warrant for Huawei CFO Meng Wanzhou

China, “US Should Withdraw Arrest Warrant for Huawei CFO Meng Wanzhou

Chinese Vice Foreign Minister Le Yucheng told US  Ambassador Terry Branstad that the United States has made an “unreasonable demand” on Canada to detain Ms. Meng while she was passing through Vancouver, China’s Foreign Ministry said.

“The actions of the US seriously violated the lawful and legitimate rights of the Chinese citizen, and by their nature were extremely nasty,” Minister Le told Ambassador Branstad, comments similar to those he made earlier to Canada’s Ambassador

China strongly urges the United States to pay attention to China’s solemn and just position and withdraw the arrest warrant on Ms. Meng, Le added.

“China will respond further depending on US actions,” he said, without elaborating. Minister Le also told the Canadian Ambassador Saturday that there would be grave consequences if it did not immediately release Ms. Meng.

The United States has been looking since at least Y 2016 into whether Huawei, a giant private Chinese telecom company, shipped US-origin products to Iran and other countries in violation of US export and sanctions laws, Reuters reported in April.

Companies are barred from using the US financial system to sell goods and services to sanctioned companies and individuals.

Senator Marco Rubio (R:FL) said on TV Sunday he would “100% absolutely” introduce something in the new Congress that would ban Chinese telecom firms from doing business in the United States.

“We have to understand Chinese companies are not like American companies. OK, We cannot even get Apple (NASDAQ:AAPL) to crack an iPhone for us in a terrorist investigation,” he said.

“When the Chinese ask a telecom company, we want you to turn over all the data you’ve gathered in the country you’re operating in, they will do it. No court order. Nothing like that. They will just do it. They have to. We need to understand that.”

Senator Rubio was a strong critic of China’s ZTE Corp, (OTCMKT:ZTCOF) which pleaded guilty in Y 2017 to violating US laws that restrict the sale of American-made technology to Iran.

Have a terrific week 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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