Huawei is in Trouble

AlphaAtlas

[H]ard|Gawd
Staff member
Joined
Mar 3, 2018
Messages
1,713
Last month, the Wall Street Journal reported the the U.S. Government asked its allies to stop buying Huawei equipment. Since then, things have gone downhill for the Chinese company. Japan, Australia, New Zealand, Canada, and the UK have all all allegedly stopped buying Huawei equipment. Meanwhile, Reuters reports that Huawei's chief financial officer was recently arrested in Canada "as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe." Chinese media are criticizing the arrest, but Huawei claims it is cooperating with the relevant authorities.

More recently, the probe has included whether the company used HSBC Holdings Plc to conduct illegal transactions involving Iran, the people said. Companies are barred from using the U.S. financial system to funnel goods and services to sanctioned entities. If the mobile phone and telecoms equipment maker conducted such transactions and then misled HSBC about their true nature, it could be guilty of bank fraud, experts say.
 

Laowai

Gawd
Joined
Aug 9, 2018
Messages
534
I'm very interested in how this turns out.
Not much to say at this point as info is scarce as to the current proceedings but China's demand pissed me off.
Chinese Foreign ministry spokesman Geng Shuang said on Friday that neither Canada nor the United States had provided China any evidence that Meng had broken any law in those two countries, and reiterated Beijing’s demand that she be released.
Neither Canada nor the US has to prove a fucking thing to you, China. You don't get to see any evidence first. Evidence is for a trial. You can kindly go suck on a bag of dicks, one at a time, until the trial concludes. ...(assuming Canada does not shit the bed)
 
Last edited:

singe_101

2[H]4U
Joined
Dec 17, 2005
Messages
2,154
Imagine if they had cell phone towers that intercepted the data regardless of the phone or even tablet OS and security. But not approved by the U.S. Marshals.
 

kju1

2[H]4U
Joined
Mar 27, 2002
Messages
3,460
It wasnt just any old exec either. It was the daughter of the founder...
 

piscian18

[H]F Junkie
Joined
Jul 26, 2005
Messages
11,021
Like I said in the other thread. -They make great products, but they might as well be the villain in the next mission impossible movie. If you're at all paranoid about security stay away, they are in deep with the Republic.
 

timberwolf

Limp Gawd
Joined
Jul 7, 2015
Messages
159
HSBC should get more than a casual look too. I seem to recall that they were/are involved (among others) with the laundering of cartel drug money. Making $$ by looking the other way. (May have not been them, but too lazy to look it up this morning).
 

percydaman

Limp Gawd
Joined
Jun 26, 2011
Messages
294
I'm very interested in how this turns out.
Not much to say at this point as info is scarce as to the current proceedings but China's demand pissed me off.
Neither Canada nor the US has to prove a fucking thing to you, China. You don't get to see any evidence first. Evidence is for a trial. You can kindly go suck on a bag of dicks, one at a time, until the trial concludes. ...(assuming Canada does not shit the bed)

That's kind of their job man. Looking after the interests of their citizens. I bet you would want the same thing of whatever country you're from if you were held in say, Iran or some other place.
 

Heavens

n00b
Joined
Feb 18, 2018
Messages
25
I'm very interested in how this turns out.
Not much to say at this point as info is scarce as to the current proceedings but China's demand pissed me off.
Neither Canada nor the US has to prove a fucking thing to you, China. You don't get to see any evidence first. Evidence is for a trial. You can kindly go suck on a bag of dicks, one at a time, until the trial concludes. ...(assuming Canada does not shit the bed)

I don't want to stop your groove here but a chinese executive get's arrested for selling chinese products to Iran which goes against US sanctions.

Also, the US really doesn't have much leverage on China unless they want to start WW III.

I agree that China is into some shady stuff but I'm pretty sure they're way too big to put back in the box again.
 

kju1

2[H]4U
Joined
Mar 27, 2002
Messages
3,460
That's kind of their job man. Looking after the interests of their citizens. I bet you would want the same thing of whatever country you're from if you were held in say, Iran or some other place.

Except in Chinas case its more like looking after the States interest. If this was not a prominent C level exec of one of their spy fronts...err I mean legit businesses they would probably just leave her to the wolves...
 

TordanGow

[H]ard|Gawd
Joined
May 25, 2015
Messages
1,507
2ofcxc.jpg
 

ymer

Limp Gawd
Joined
Jun 29, 2004
Messages
473
I don't want to stop your groove here but a chinese executive get's arrested for selling chinese products to Iran which goes against US sanctions.

Also, the US really doesn't have much leverage on China unless they want to start WW III.

I agree that China is into some shady stuff but I'm pretty sure they're way too big to put back in the box again.

Apparently you didn't read the article, the US just told everyone to drop Huawei and everyone complied without spending a dime or starting a war.
 
  • Like
Reactions: Liver
like this

singe_101

2[H]4U
Joined
Dec 17, 2005
Messages
2,154
I don't want to stop your groove here but a chinese executive get's arrested for selling chinese products to Iran which goes against US sanctions.

Executives probably shouldn't sell products to Taiwan if they're physically in Shanghai. Or don't mess with Tibet or Uighur rights and justice if you're even close to PRC.
 

Delicieuxz

[H]ard|Gawd
Joined
May 11, 2016
Messages
1,403
I'm very interested in how this turns out.
Not much to say at this point as info is scarce as to the current proceedings but China's demand pissed me off.
Neither Canada nor the US has to prove a fucking thing to you, China. You don't get to see any evidence first. Evidence is for a trial. You can kindly go suck on a bag of dicks, one at a time, until the trial concludes. ...(assuming Canada does not shit the bed)

More evidence and proof is for a trial. There must be enough evidence of a charge to substantiate probable cause for a person to be arrested for it, though.
 

PenGunn

Limp Gawd
Joined
May 30, 2013
Messages
349
Very sad. My country with its nose up the ass of the US. Very sad, we need to toss the huge disappointment that is Trudeau.
 

Nunu

Limp Gawd
Joined
Jun 5, 2017
Messages
257
Not one country is too big to be put back into any box, including China. Everyone keeps talking about how the Chinese play the long game so well, and how they hold out until opposition withers away. That is a facade. They're more dependent on what the US chooses to do then they let on.

Theirs is a massive but fragile construct, and one misstep can send it spiraling downwards (economically speaking). The US had nearly bankrupted the Russians a few years back when they decided to act tough and invade Ukraine, and that was only thru a few key economic sanctions. The same thing can happen to China.

As far as Huawei is concerned, I see this as the cost of doing shady business.
 

Delicieuxz

[H]ard|Gawd
Joined
May 11, 2016
Messages
1,403
Not one country is too big to be put back into any box, including China. Everyone keeps talking about how the Chinese play the long game so well, and how they hold out until opposition withers away. That is a facade. They're more dependent on what the US chooses to do then they let on.

China is the US' primary source for imports: https://globaledge.msu.edu/countries/united-states/tradestats

If a trade-war with China keeps worsening then the US will face a lot of price increases.

If no one country is too big to be put back into its box, then that must include the US, too. And I think a bit of that has been happening in the past few years.

Theirs is a massive but fragile construct, and one misstep can send it spiraling downwards (economically speaking). The US had nearly bankrupted the Russians a few years back when they decided to act tough and invade Ukraine, and that was only thru a few key economic sanctions. The same thing can happen to China.

That is a pretty fantastical take on what happened, what the US did in response, why the US did what it has, and what the outcome has been. The US orchestrated a coup to seize Ukraine into NATO, the plot failed to a significant degree, Russia including Crimea has redistributed its economy, created its own payments system, and has a growing economy. The US keeps sanctioning Russia to restrain Russia's ability to be a geopolitical competitor - but the rest of the world is going along with it less and less. The EU is also talking about creating its own payment system to do business with countries the US sanctions. So, the US was acting tough, and it didn't work out the US.
 
Last edited:
Joined
Oct 1, 2004
Messages
735
I don't want to stop your groove here but a chinese executive get's arrested for selling chinese products to Iran which goes against US sanctions.

Wrong. from the article, which you obviously didn't read:

"The United States has been looking since at least 2016 into whether Huawei shipped U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws"

Also, it's funny as hell that the Chinese Foreign Ministry spokesman Geng Shuang said "..."Detaining a person without providing an explanation has undoubtedly violated her human rights."..."
 

TheCommander

2[H]4U
Joined
Apr 2, 2003
Messages
2,999
Funny that China is saying the arrest is a human rights violation. That is the same country that has arrested a million people from Western China and put them in re-education camps. That and also all the people that are illegally arrested in China never to be seen again.
 

Nunu

Limp Gawd
Joined
Jun 5, 2017
Messages
257
No I have to disagree. Russia's economy is really dependent on one thing - oil. Prices were brought down, their economy hit the skids. There is nothing fantastical about the Russians invading Crimea. They did it to hold on to one of the richest offshore oil deposits they have . Nato plays a part, but at the end of the day it's all about money.

The US does not need to restrict anything for Russia. It does that to itself, through one of the most corrupt political and financial systems in the world. See what foreign investments in Russia have been like for the last 4 years - declining and most simply staying away.

As far as geopolitical competition, there is very little Russia can compete with. They have one of the largest armies, but a floundering economy and honestly, that is all. It stays tucked away in the motherland because they cannot afford the upkeep ( lots of money , logistical support , supplies etc - see their Syrian campaign for a clearer picture).

Lastly the EU is a joke. It has failed its members and has further marginalized the weaker to prop up three leading countries. They cower to Russian aggression because they need the oil and natural gas it provides the entire region. That soon will change however, and then you will see how bad it can get.
 

Heavens

n00b
Joined
Feb 18, 2018
Messages
25
Wrong. from the article, which you obviously didn't read:

"The United States has been looking since at least 2016 into whether Huawei shipped U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws"

Also, it's funny as hell that the Chinese Foreign Ministry spokesman Geng Shuang said "..."Detaining a person without providing an explanation has undoubtedly violated her human rights."..."

Whoops my bad, I guess my reading skills are declining.

Edit: are they implying Huawei products made in the US? Because I couldn't find any U.S.-origin products from Huawei as all of their U.S. property seems related to sales, customer service and marketing.
 
Last edited:

Delicieuxz

[H]ard|Gawd
Joined
May 11, 2016
Messages
1,403
No I have to disagree. Russia's economy is really dependent on one thing - oil. Prices were brought down, their economy hit the skids. There is nothing fantastical about the Russians invading Crimea.

There is everything fantastical about a claim that Russia invaded Crimea - because that literally didn't occur. Russia's had a large military presence in Crimea since the 1700s. Russia's troops didn't have to enter Crimea in 2014 because Russia's troops were already there: https://en.wikipedia.org/wiki/Partition_Treaty_on_the_Status_and_Conditions_of_the_Black_Sea_Fleet

So, there truly was no invasion. Additionally, Russia's presence in Crimea was wanted by the Crimean people and was protective of the region, and most of the Ukrainian military personnel in Crimea, who were Crimeans, transferred to the Russian military.


The US does not need to restrict anything for Russia. It does that to itself, through one of the most corrupt political and financial systems in the world. See what foreign investments in Russia have been like for the last 4 years - declining and most simply staying away.

According to?

https://www.rt.com/business/416954-russia-economy-foreign-investment/
https://www.rt.com/business/419692-fitch-russia-positive-outlook/
https://www.bnnbloomberg.ca/american-love-of-sanctions-won-t-stop-moody-s-upgrading-russia-1.1159451


As far as geopolitical competition, there is very little Russia can compete with. They have one of the largest armies, but a floundering economy and honestly, that is all. It stays tucked away in the motherland because they cannot afford the upkeep ( lots of money , logistical support , supplies etc - see their Syrian campaign for a clearer picture).

Lastly the EU is a joke. It has failed its members and has further marginalized the weaker to prop up three leading countries. They cower to Russian aggression because they need the oil and natural gas it provides the entire region. That soon will change however, and then you will see how bad it can get.

That sounds to me like information from an insulated bubble.

Also, the EU is continuing to develop huge gas projects with Russia against the US' demands. Those projects aren't changing, they're a done deal, well into construction. The US doesn't care about those projects because of Russia, but because the US wants to force the EU to buy much more expensive US gas. It is all about money for the US.
 
Last edited:

nimer

n00b
Joined
Aug 17, 2016
Messages
63
HSBC should get more than a casual look too. I seem to recall that they were/are involved (among others) with the laundering of cartel drug money. Making $$ by looking the other way. (May have not been them, but too lazy to look it up this morning).

https://www.theguardian.com/business/2012/dec/14/hsbc-money-laundering-fine-management

The US department of justice said HSBC had moved $881m for two drug cartels in Mexico and Colombia and accepted $15bn in unexplained "bulk cash", across the bank's counters in Mexico, Russia and other countries. In some branches the boxes of cash being deposited were so big the tellers' windows had to be enlarged.
 

Uvaman2

2[H]4U
Joined
Jan 4, 2016
Messages
3,143
Yeah, just kick that dog, it won't bite.... Yet. ... 'merica! /s
 
Last edited:

Nunu

Limp Gawd
Joined
Jun 5, 2017
Messages
257

Lol, you are quoting RT?

The bloomberg article clearly states that it's economic future is uncertain because of possible incoming economic sanctions. Also, this potential growth is once again do to higher oil prices but if the sanctions hit, guess what, it's down the skids again .

Look, before this goes on in an endless loop, I don't know your reasons for propping up the Russian spin . Russia as a country and geopolitical player has on the whole negatively affected more than helped it's surrounding area. Crimea, is just its latest transgression. And again, the EU has no reason to confront the only regional major supplier of gas and oil, until other options arise (and they will.)
 

lcpiper

[H]F Junkie
Joined
Jul 16, 2008
Messages
10,611
I don't want to stop your groove here but a chinese executive get's arrested for selling chinese products to Iran which goes against US sanctions.

Also, the US really doesn't have much leverage on China unless they want to start WW III.

I agree that China is into some shady stuff but I'm pretty sure they're way too big to put back in the box again.


Let's try again; That's UN sanctions, not US.
https://en.wikipedia.org/wiki/Sanctions_against_Iran

And Chine is not just a member of the UN themselves, but a permanent member of the UN Security Council itself.
http://www.un.org/en/sc/members/
 

Delicieuxz

[H]ard|Gawd
Joined
May 11, 2016
Messages
1,403
Lol, you are quoting RT?

The bloomberg article clearly states that it's economic future is uncertain because of possible incoming economic sanctions. Also, this potential growth is once again do to higher oil prices but if the sanctions hit, guess what, it's down the skids again .

Look, before this goes on in an endless loop, I don't know your reasons for propping up the Russian spin . Russia as a country and geopolitical player has on the whole negatively affected more than helped it's surrounding area. Crimea, is just its latest transgression. And again, the EU has no reason to confront the only regional major supplier of gas and oil, until other options arise (and they will.)

Of course I'd quote RT. It's a much more objective and honest news outlet than any US or UK MSM. Also, by quoting RT I'm quoting Standard & Poor, Fitch investment firms. When you pretense to scoff at RT you're actually scoffing at S&P and Fitch, who are the sources for the information. What they say about their ratings encouraging investment into Russia isn't spin.

You talk about spin, but your comments are based on ideas that came out of a sneering gossip groups, and aren't backed by facts. They're sentiment.

Russia is increasingly less dependent on oil year after year. Anyway, the price of oil hit its low in January 2016. Russia's foreign investment hit its low towards the end of 2014, after US sanctions. Since 2014, the long-term trend in foreign investment into Russia has been upwards. That's going to continue with rating upgrades from S&P, Fitch, and Moody's, and will also increase as a result of Russia implementing its own international payments system to work outside of SWIFT. And if the EU goes ahead with its plan to create their own international payments system (which the US is pressuring them to not do), then unilateral US sanctions forced on other countries will basically be a thing of the past.

https://www.businessinsider.com/ger...ival-to-us-backed-swift-payment-system-2018-8
 
Last edited:

lcpiper

[H]F Junkie
Joined
Jul 16, 2008
Messages
10,611
Very sad. My country with its nose up the ass of the US. Very sad, we need to toss the huge disappointment that is Trudeau.


Should begin by understanding the discussion first. As said above, it's not US sanctions against Iraq that are a problem, they only govern US business involvement with Iran. UN Sanctions on the other hand apply to all UN member states. China has a permanent seat on the UN Security Council itself so a Chinese Business violating the sanctions is a problem. So you see this isn't about Canada having their nose up the USA's ass at all.
 

snowcrash

Gawd
Joined
Apr 30, 2011
Messages
712
Time to sharpen the nukes. Don't like the arrest at all. It it were me, I would demand an immediately release otherwise I would send the nukes over. But then again it's a good thing I'm a nobody.
 

Aireoth

Supreme [H]ardness
Joined
Oct 12, 2005
Messages
6,016
Should begin by understanding the discussion first. As said above, it's not US sanctions against Iraq that are a problem, they only govern US business involvement with Iran. UN Sanctions on the other hand apply to all UN member states. China has a permanent seat on the UN Security Council itself so a Chinese Business violating the sanctions is a problem. So you see this isn't about Canada having their nose up the USA's ass at all.

Sadly his understanding is that of an average Canadians. Sum it up: US bad, everyone else good.
 

Pieter3dnow

Supreme [H]ardness
Joined
Jul 29, 2009
Messages
6,784
I'm very interested in how this turns out.
Not much to say at this point as info is scarce as to the current proceedings but China's demand pissed me off.
Neither Canada nor the US has to prove a fucking thing to you, China. You don't get to see any evidence first. Evidence is for a trial. You can kindly go suck on a bag of dicks, one at a time, until the trial concludes. ...(assuming Canada does not shit the bed)

This reflects extremely bad on America more then anything else. This is just seen as ruffian tactics for leverage on the trade front. The idea that Chinese people are not safe will mean that they just get diplomatic immunity next time they visit Canada and the point will be moot. Or did you think that large businesses from China do not need to get approval before they do trade with countries like Iran ....
 

Etherton

Will Bang for Poof
Joined
Aug 7, 2006
Messages
6,997
The CFO is expendable, they can let him go.

This CFO was the founders daughter.

Meng Wanzhou, also known as Sabrina Meng and Cathy Meng, was apprehended in Vancouver on December 1, according to Canadian Justice Department spokesman Ian McLeod. In addition to her role as CFO, Meng serves as deputy chairwoman of Huawei's board. She's the daughter of Huawei founder Ren Zhengfei.
 
Top