Economics

Huawei Clash Shows Deeper U.S.-China Battle for Global Influence

Trade war one part of fight between world’s biggest economies
Technology to be prime battleground for superpower rivalry

Bloomberg’s Natalie Obiko Pearson reports on the bail hearing for Huawei CFO Meng Wanzhou.Daybreak: Asia." (Source: Bloomberg)

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By David Tweed and Enda Curran

December 11, 2018 at 9:05 AM UTC

Updated on

December 11, 2018 at 4:00 PM UTC

This article is for subscribers only.

The Trump administration has insisted the arrest of a top Huawei executive has nothing to do with trade talks. In Beijing, it’s just the latest U.S. move to contain China’s rise as a global power.

Bail hearings proceeded this week after Meng Wanzhou, the chief financial officer of Huawei Technologies Co., was arrested in Canada on Dec. 1 because of alleged violations of U.S. sanctions against Iran. The case threatens to derail a trade truce struck the same day between Donald Trump and Xi Jinping.