WASHINGTON — The dramatic arrest of a Chinese telecommunications executive has driven home why it will be so hard for the Trump administration to resolve its deepening conflict with China.
© The Associated Press In this undated photo released by Huawei, Huawei’s chief financial officer Meng Wanzhou is seen in a portrait photo. China on Thursday, Dec. 6, 2018, demanded Canada release the Huawei Technologies executive who was arrested in a case that adds to technology tensions with Washington and threatens to complicate trade talks. (Huawei via AP)
In the short run, the arrest of Huawei’s chief financial officer heightened skepticism about the trade truce that Presidents Donald Trump and Xi Jinping reached last weekend in Buenos Aires, Argentina. On Thursday, U.S. stock markets tumbled on fears that the 90-day cease-fire won’t last, before regaining most of their losses by the close of trading.
But the case of an executive for a Chinese company that’s been a subject of U.S. national security concerns carries echoes well beyond tariffs or market access. Washington and Beijing are locked in a clash over which of the world’s two largest economies will command economic and political dominance for decades to come…READ MORE
Martin comments:
Here in NZ we first heard of this when the GCSB spat the dummy over Huawei being contractor for the 5G network. I guess it was an inevitable able starting place for a showdown as the US and China both view NZ as of strategic importance: The Gateway to Antarctica.
I do think the MSM somewhat behind the play on this though: A battle for global dominance? No, the world was divided up ages ago, with the two superpowers now merely tousling over the details.
But then, the MSM doesn’t believe in the NWO, the Deep State, or the Illuminati…do they…?
