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Canada has arrested Huawei’s global chief financial officer in Vancouver

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Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#301

Post by hacknat »

It is telling that Chinese-US relations are at stake when a "private" citizen is arrested for a crime. Beijing was quick to say there was no wrong-doing before formal charges were even made.

China wonders why we distrust their businesses, and this is the reason. They all seem to be heavily politically supported by the Chinese government.

We're all discussing it with the presumption that, of course, it would. When we indicted half of FIFA everyone in the EU loved us for it, and certainly no political establishments condemned it.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#302

Post by mtw »

Many are lost in technicalities here, if Canada has the right to arrest a businesswoman, if the US can stop a foreign company to do business with another country. Who cares?

I'm partial to Iran because a multi-lateral treaty was signed. Iran stopped nuclear enrichment. In exchange, western countries pledged to provide economic relief and stop sanctions.

It is said that Iran has been developing various weapons, but these weapons do not fall under the treaty, and experts and controllers all agree the nuclear program has been stopped.

It is wrong for the US to walk away from this treaty, in the same way it was wrong to walk away from the Paris accord agreement. You agree on one thing, you have to follow. That is the honourable thing to do.

A few will say that Iran is threatening Middle East Peace. What is obvious is that its Saudi Arabia who's bombing its southern neighbour or sending tanks to Bahrain. If you want peace, you have to impose sanctions on Saudi Arabia as well.

What is even wrong for the US is punishing foreign companies wanting to do business in Iran. Perhaps there are technicalities to demonstrate a law in the US is broken. This makes sense for bureaucrats. For the rest of the world, it's just abuse and plain wrong. History will judge.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#304

Post by wgerard »

mtw wrote: post #290
wgerard wrote: post #268

Earlier quoted context omitted.

Uh I mean, maybe not officially but there's a whole lot of precedent that if you engage in trade using USD that you're under US jurisdiction.

Really. How valid is that? If an American tourist uses 20USD to pay for a meal in Montreal or Toronto (which happens a lot), what's the logic that this falls under US jurisdiction. If it's true, I'd avoid USD like plague

I mean, it's obviously valid because this incident happened (and many other events that show the same validity). The logic is that the US says any transactions involving USD fall under US jurisdiction, because it's their currency--that is, the USD only has any value at all because the US government says it's legal tender.

Because the USD is the international reserve currency for a lot of countries and the US largely is pretty stable, most countries are fine with cooperating in cases like this with notable exceptions.

FWIW that's changing under Trump (i.e. people are seeing the US as less stable), and the EU is making efforts to increase the use of the Euro as an international reserve currency.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#305

Post by mirimir »

adventured wrote: post #207
codedokode wrote: post #179

Earlier quoted context omitted.

So if some Western company would trade with Ukraine or Georgia in violation of Russian sanctions, should their representatives be arrested and extradited to Russia? Also, after Russia-Ukraine conflict many Ukranian politicians are under a criminal investigation in Russia (and I guess Russian politicians are investigated in Ukraine). Should they be extradited too?

> So if some Western company would trade with Ukraine or Georgia in violation of Russian sanctions, should their representatives be arrested and extradited to Russia? The US is still the sole global superpower, it is still (yes, despite Trump) largely charged with maintaining the world order that has existed since WW2. Russia is not a superpower, its reach is regional and it has few allies. You'll see a lot of varied…

> Russia is not a superpower, its reach is regional and it has few allies.

It still has lots of nuclear weapons. And probably more tactical nuclear weapons than the US does. But yes, it has fewer allies, for sure.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#307

Post by mirimir »

JumpCrisscross wrote: post #157
wtfstatists wrote: post #146

Earlier quoted context omitted.

> Huawei stole a Canadian company's technology Then Canada gets to do the arresting and jailing. Re next 2 points: If you want to justify violance you need stronger triggers. Those 2 just give the US right to ban the Huawei from country or using the USD. This looks like US doing it because it can. But then US is not facing USSR whose going to die from self-inflicted wounds. China have the most capitalist companies (A…

> then Canada gets to do the arresting That’s...what happened. > if you want to justify violance you need stronger triggers Violating sanctions is a criminal offense under U.S. and Canadian law. Huawei chose to do business in America and Canada. Its executive chose to travel to Canada. This is a difficult story to mangle into a morality play.

> Its executive chose to travel to Canada.

In retrospect, that was foolish.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#308

Post by parthdesai »

hamstercat wrote: post #276
parthdesai wrote: post #228

Earlier quoted context omitted.

Though it's not. There is a property management company out of Hong Kong/China that owns 30 condos in my unit and rents it out to tenants. I work near One Bloor and if you see the demographic over there it's all non-english speaking Asian people. Heck the Nordstorm rack in that Condo accepts WePay. Where else have you seen that in Toronto?

All statistics point to it being false. From the financial post ( https://business.financialpost.com/real-estate/perception-of... ): A study from the Canada Mortgage and Housing Corporation released Wednesday found that 68 per cent of Vancouver respondents, 48 per cent of Toronto respondents and 42 per cent of Montreal respondents believe foreign buyers are having "a lot of influence" on their markets and are driving…

So i read the highlights of the statcan link you posted.

a) it's from 2011, that's 7 years ago. b) Just being house owners doesn't mean a lot. There are non-Canadians (neither PR nor Citizens) buying condo's/houses with 35+% downpayment. Our government allows that, which is kind of mind boggling. You'll see a lot of international students living in condo's that their parents have bought.

I know this is unrelated point, but also effing Airbnb has screwed up the market for renters/first time home buyers.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#309

Post by rohit2412 »

wtfstatists wrote: post #191
JumpCrisscross wrote: post #157

Earlier quoted context omitted.

> then Canada gets to do the arresting That’s...what happened. > if you want to justify violance you need stronger triggers Violating sanctions is a criminal offense under U.S. and Canadian law. Huawei chose to do business in America and Canada. Its executive chose to travel to Canada. This is a difficult story to mangle into a morality play.

No Canada is arresting on behalf of US. On the contrary, Huawei is building 5g infra for Canada. > Violating sanctions is a criminal offense under U.S. and Canadian law. Just because its legal does not mean there wont be an aggressive reaction[1]. China will probably respond with force. Huawei with market exit. Then there are other actors who would respond in there own way we would never know about. US probably going…

> Do you want to hurt US market/USD ? Because thats what use of your justifications will do.

I would think that human rights, morals, and ideals of liberty and freedom are more important than a few percentages of GDP growth.

Re: Canada has arrested Huawei’s global chief financial officer in Vancouver

#310

Post by parthdesai »

xapata wrote: post #297
vtesucks wrote: post #217

Earlier quoted context omitted.

To convey the spirit of your parent, is there any credible source? Remember china has a huge media manipulation budget.

Is there any credible source the other way around? How many foreign nationals own property in Vancouver? How many of those properties are unoccupied? I can't remember where I spotted reporting on those two questions, but I wouldn't be surprised if the city publishes real estate transaction data such that the number of foreign purchases can be gathered. I remember a very small portion reported.

Google is your friend. Metro Vancouver has 9.2% of unoccupied homes and Vancouver itself has 8.2%, them being highest and second highest in Canada. Chinese drug mafia also allegedly moved more than $5bn through flipping properties in Vancouver.

https://www.thestar.com/vancouver/2018/06/24/in-one-of-west-...

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