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U.S., China Executives Grow Wary on Travel After Huawei Arrest

  • China has warned of retaliation if Meng isn’t released quickly
  • U.S. stepping up investigations of Chinese economic espionage
Bloomberg business news
Haier Group Chairman Ruimin says the arrest of Huawei’s CFO is disturbing business leaders in China.(Source: Bloomberg)

Executives from both China and the U.S. are becoming increasingly wary of traveling after Huawei’s chief financial officer was arrested this month in Canada.

The Dec. 1 arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co., has Chinese business people worried they could be next while Americans are growing concerned about retaliation. Meng has been detained at the request of the U.S. on charges of bank fraud related to violations of American sanctions on Iran, and a bail hearing is ongoing.