U.S. charges on Huawei are politically motivated: China

Jan 29, 2019, 3:39 AM EST
(Source: Kārlis Dambrāns/flickr)
(Source: Kārlis Dambrāns/flickr)

Beijing lashed out at the U.S. for slapping a string of criminal charges on Chinese telecoms giant Huawei, saying that the move is politically motivated and aimed at strangling fair and just competition.

U.S. prosecutors on Monday filed charges of bank fraud, obstruction of justice and theft of technology against Huawei, claiming that the firm misled the U.S. and a global bank about its ties with two subsidiaries to bypass Washington’s sanctions on Iran, writes the BBC.

The two countries have already been at loggerheads over the arrest of Huawei’s CFO, Meng Wanzhou, who was detained in Canada last month. Huawei rejects all allegations, saying that it has been a victim of the political football between the U.S. and China.

The indictments against Huawei came just ahead of a planned two-day meeting between Chinese and American officials, who seek to strike a deal to end an ongoing trade war, reports The Guardian. The development is not an encouraging sign for both the sides but U.S. treasury secretary, Steven Mnuchin, said he hoped the talks would be fruitful.