Experts talk about the consequences of the release of the financial director of Huawei

The release of Huawei CEO Meng Wanzhou from house arrest in Canada and the release of two Canadian citizens from a Chinese prison will not lead to fundamental shifts in Beijing’s relations with Washington. Experts expressed this opinion to Izvestia.

“Liberation is a good sign, but it does not resolve the fundamental differences between the two sides. Both the United States and China will have a tumultuous relationship for many years to come, ”said Rana Mitter, professor of modern Chinese history and politics at Oxford University.

Meng Wanzhou’s return to China and the release of Canadians may slightly correct the tone, but fundamentally both superpowers are preparing for a more protracted and sensitive serious confrontation, said Alexander Gabuev, head of the Russia in Asia-Pacific program at the Carnegie Moscow Center.

Since late 2018, Huawei’s CFO has been under house arrest in Canada awaiting extradition to the United States. The US authorities believed that it had defrauded HSBC by lying about Huawei’s deals in Iran, thereby exposing the largest British bank to the risk of violating US sanctions. However, at the close of last week, Maine agreed to a deal with the US Department of Justice, which paved the way for her release by Ottawa and an immediate return home accompanied by the PRC ambassador to Canada.

On the same day, China released Canadians Michael Kovrig and Michael Spavor, accused by Beijing of espionage. After pleading guilty to all the alleged crimes, both were released on bail for medical reasons and immediately flew to Canada.

Read more in the exclusive material from Izvestia:

Faithful extraditions: how China and Canada exchanged prisoners

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