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Sabrina Meng Wanzhou is the Chief Financial Officer of Shenzhen-based telecoms giant Huawei.
Beijing visit by environment minister, the first by member of Ottawa’s cabinet in four years, may help improve relations.
The leaders have agreed in principle to hold a virtual meeting before the end of the year – the first formal talks since Biden took office
The unexpected turn of events involving the Huawei executive and two Canadians calls for greater interaction between Beijing and Washington in the hope of creating a better understanding to resolve disputes.
Meng’s arrival in China has been recast as a moment of great power parity with the US. In the face of military encirclement, it makes sense for Beijing to show its people it has the fortitude to face down Washington in the diplomatic realm.
While there should be no illusions or unrealistic expectations, both sides should aim to address pressing issues of mutual concerns and not let competition veer into open conflict.
- The company aims to contribute to China’s technological progress by providing computing power to support the AI transformation of local industries
- The once-in-a-decade strategic upgrade comes after the company released a new smartphone equipped with an advanced chip despite US sanctions
The tech giant says it will unveil ‘many new products’ at its autumn launch this year. The event coincides with the second anniversary of rotating chairwoman Meng Wanzhou’s return to China.
In a speech in July, the founder of the telecoms equipment maker told the firm to focus on keeping its lead in specific areas and to invest in talent.
Sales from the consumer business group, which includes smartphones and electric vehicles, rose more than 2 per cent after two years of decline.
A partnership formed in 2016 by Alberta Industrial Heartland and Hong Kong-based private equity firm Can-China Global Resource Fund ‘no longer exists’, a spokeswoman for the non-profit said.
The rotating chairwoman at Huawei told the audience at the MWC Shanghai trade show that 5G connections worldwide are expected to reach 5 billion by 2030, up from 1.5 billion connections this year.
MWC Shanghai, the regional edition of the world’s largest mobile communications industry trade show, marks its first decade in China this year.
A Canadian government appointee rejected holding a public inquiry into leaked intelligence that alleged China interfered in Canada’s federal elections, drawing allegations of a cover-up from the Conservative opposition.
Huawei has entered into strategic cooperation agreements with the governments of Tianjin and Sichuan provinces, as well as Guangzhou.
Huawei is still scrambling to adapt production of smartphones and telecoms equipment to ‘new normal’ of trade restrictions.
The development of MetaERP reflects the lengths taken by Huawei to strengthen its global operations, as US trade sanctions continue to bite.
Huawei’s incoming rotating chairwoman Meng Wanzhou faces an uphill battle in finding new growth after the sanctions-hit company reported flat revenue growth and plummeting profits in 2022.
Meng’s tenure as rotating chairwoman comes at a critical time as the Shenzhen-based Huawei battles increased US pressure.
Global News report alleged that Canadian lawmaker Han Dong advised a Chinese diplomat in 2021 that Beijing should hold off freeing two imprisoned Canadians, Michael Spavor and Michael Kovrig.
Canada’s government will stop funding projects affiliated with universities, institutes or labs connected to foreign military, national defence or state security entities.
Meng’s six-month turn as Huawei’s top leader comes at a critical time, as the US government is considering cutting off the company from all of its American suppliers.
Huawei, the struggling Chinese tech giant under US sanctions, is expected to report revenue of 636.9 billion yuan (US$91.5 billion) for 2022, flat when compared with last year.
Beijing typically ‘retaliates fully plus 10 per cent’, but this time it doesn’t seem to have many punitive options.
With no information that Meng violated a deal struck with US prosecutors in 2021, the US has moved to dismiss the case as agreed.
Deteriorating relations between China and Canada show no sign of ‘normalising any time soon’ and set a backdrop for ongoing economic tension, analysts say.
Melanie Joly teased parts of a new Indo-Pacific strategy, as Prime Minister Justin Trudeau prepares to attend a trio of major summits in the region; she also warned Canadian firms to be ‘clear-eyed’ about doing business in China.
The technology giant has vowed to collaborate with heavyweights in China’s financial sector to help the nation reach its climate goals, according to its deputy chairwoman.
The message from Huawei’s chief financial officer provided a sharp contrast to her father Ren Zhengfei’s recent leaked memo, which painted a gloomy picture of a world heading into economic recession.
Ottawa has not named a new ambassador to Beijing since Dominic Barton resigned, while China’s envoy departed Canada in January and apparently is still absent.
‘Hero’s welcome for Meng Wanzhou’ covering Huawei executive’s return to China takes silver medal for best breaking news article.
China’s embassy in Canada said alleged security concerns were a ‘pretext for political manipulation’ and accused Canada of working with the US to suppress Chinese companies.
Ping An, HSBC’s biggest shareholder, is making a push for change at the lender in the latest investor call to reshape and possibly break-up the London-based bank, which traces its roots to Hong Kong and Shanghai.
