Tech executives worry China will turn to tit-for-tat arrests of Americans in response to the detention of Meng Wanzhou. And the worries don't stop there. Kara Swisher, writing at The New York Times: Imagine, if you will (and you should), a big American tech executive being detained over unspecified charges while on a trip to Beijing. That is exactly what a number of Silicon Valley executives told me they are concerned about after the arrest this week of Meng Wanzhou, the chief financial officer of the Chinese telecom company Huawei, in Canada at the behest of United States officials. "It's worrisome, because it's an escalation we did not need," one executive said, referring to the already tense trade talks between the two countries. "What China will do, given all the existing tensions, is anyone's guess."
No one I spoke to would talk on the record, out of fear of antagonizing either side and also because no one knows exactly what is happening. But many expressed worry about the possibility of tit-for-tat arrests. While everyone focuses on the drama of the arrest -- Ms. Meng was grabbed while changing planes at the airport -- and its effect on the trade talks and stock prices, to my mind there is a much more important fight brewing, and it is about tech hegemony. Specifically, who will control the next internet age, and by whose rules will it be run?
Until recently, that answer was clearly the United States, from which the Internet sprang, wiring the world together and, in the process, resulting in the greatest creation of power and wealth in history. While China has always had a strong technology sector, in recent years it has significantly escalated its investment, expertise and innovation, with major support from the government. That hand-in-glove relationship creates obvious issues, and the Trump administration is right to stop pretending that China does not present a threat both from security and innovation perspectives.
Further reading: China summons U.S. ambassador, warns Canada of 'grave consequences' if Huawei executive Meng Wanzhou is not released.
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