Advertisement
Australia markets closed
  • ALL ORDS

    7,862.30
    -147.10 (-1.84%)
     
  • AUD/USD

    0.6421
    -0.0024 (-0.37%)
     
  • ASX 200

    7,612.50
    -140.00 (-1.81%)
     
  • OIL

    85.28
    -0.13 (-0.15%)
     
  • GOLD

    2,385.60
    +2.60 (+0.11%)
     
  • Bitcoin AUD

    98,615.22
    -4,628.66 (-4.48%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

China state media reacts to release of Huawei's Meng

State-backed media in China heralded the return of a Huawei top executive to home soil as a chance to reboot relations with the U.S., on Monday.

Meng Wanzhou, the chief financial officer of tech giant Huawei touched down in China over the weekend, arriving to a red carpet welcome after a three year fight in Canada against extradition to the United States.

Her return follows a deal with U.S. prosecutors to end a bank fraud case against her and closes longrunning source of diplomatic friction.

On Monday morning, state-backed China Daily painted the release as an opportunity to reset ties with America, a reset they say quote "depends on the extent to which Washington and Ottawa are willing to heed the lessons of their rash ploy"

ADVERTISEMENT

But China's the Global Times warned that what it called 'toxic political rhetoric' could still 'poison the atmosphere.'

It accused 'anti-China forces' of creating 'noise', citing weekend criticism by U.S. Senator Marco Rubio.

Meanwhile Chinese press has been relatively quiet on the release of Canadians Michael Kovrig and Michael Spavor.

They were let go on the same day of Meng's return after being held in China for more than 1,000 days, although one Sunday article in the Global Times said the two were released on bail for medical reasons.

Meng was detained in 2018 in Vancouver after a New York court issued an arrest warrant, saying she tried to cover up attempts by Huawei-linked companies to sell equipment to Iran in breach of U.S. sanctions.

The two Canadians were detained by Chinese authorities on spying charges.

China has previously denied engaging in "hostage diplomacy," insisting that the arrest and detention of the Canadians was not tied in any way to the proceedings against Meng.