The arrest of a Red Princess has sent relations between China and the America into a tailspin. Meng Wanzhou, daughter of the founder of the Chinese telecoms group Huawei and granddaughter of a Communist Party bigwig, is being held in Canada pending extradition to the United States. That’s more than a slap in the face for China’s leaders. The nominally frozen feud over trade between Beijing and Washington is turning into an open contest of wills between a rising insurgent state and the established superpower. Formally, Meng is being investigated, as chief financial officer of Huawei, for alleged involvement in a sanctions-busting attempt to sell US-made equipment to Iran.

Source: The Times December 11, 2018 17:03 UTC