• By The Financial District

CHINA DENIES HOSTAGING CANADIANS TO SWAP FOR HUAWEI EXEC

China denied it had taken two Canadian men hostage, and repeated a call for the release of a Huawei Technologies Co Ltd executive held in Canada who faces extradition to the US amid a long-running diplomatic dispute, CNN reported.

Huawei Chief Financial Officer Meng Wanzhou, a Chinese citizen, was arrested in Vancouver in late 2018 on a bank fraud warrant issued by US authorities. Meng has said she is innocent and is fighting extradition in a Canadian court. Shortly after Meng's arrest, Beijing detained two Canadians on national security charges and halted imports of canola seed.


Tensions flared again this week when Prime Minister Justin Trudeau said he would work with allies to fight China's "coercive diplomacy." He warned that arbitrary arrests, repression in Hong Kong and putting Muslim minorities in detention camps added up to "not a particularly productive path." That earned him an official rebuke from the Chinese government on Wednesday.


"There's no coercive diplomacy on the Chinese side," Cong Peiwu, China's envoy to Ottawa, said in a video news conference on Twitter. "Those two Canadian citizens, Michael Spavor and Michael Kovrig, have been prosecuted because they were suspected of engaging in activities which endanger our national security." He claimed it was Canada that used "coercive measures" by arresting Meng when "she was breaking no Canadian law at all." Cong again called for the immediate release of Meng "to create conditions to bring Canada-China relations back on the right track."