Dec 6, 2018 - Technology

China demands release of Huawei CFO from Canada

Huawei headquarters

Huawei headquarters in the UK. Photo: Steve Parsons/PA Images via Getty Images

China is demanding the release of Huawei CFO Meng Wanzhou from Canada after she was arrested there for violating Iran sanctions and faces extradition to the U.S., calling it a violation of her human rights. the AP reports.

Why it matters: Meng's arrest could have quick, dramatic impacts in international politics and global technology sales, as Axios' Joe Uchill reported. Huawei is one of the Chinese government's "pet companies" — and Meng is the daughter of its founder. Markets have already dipped around the world today after the incident, amid fears it could ignite a new round in the U.S.-China trade dispute.

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