Infographics: Arrest of China exec fuels trade war
December 12, 2018 12:05 AM NPT
The arrest of Huawei’s Meng Wanzhou has plunged the world’s biggest supplier of telecoms equipment and second biggest smartphone seller into the trade war between Washington and Beijing. Huawei’s rise to global dominance has presented the Chinese company with many challenges -- including persuading consumers to pronounce its name “wah-way”, not “who-are-we.” Now the arrest in Canada of Meng Wanzhou, the company’s chief financial officer, is seen by many in China as a personal attack on Ren Zhengfei, the company’s founder and Ms Meng’s father.
If she is extradited to the United States, the charges Meng faces includes allegations that Huawei used the Tehran office of Skycom Tech Co. Ltd. to provide embargoed mobile network equipment to Iranian telecommunications companies. U.S. officials allege that Meng misled multinational banks about Huawei’s control of Skycom, clearing more than $100 million worth of transactions through the U.S. between 2010 and 2014.