Canada has expelled a Chinese diplomat accused of intimidating a lawmaker, triggering a tit-for-tat response from Beijing as it orders Canada’s consul in Shanghai to leave. This latest episode marks the continuation of souring relations between the two countries, which began with the arrest of Huawei CFO Meng Wanzhou in 2018, followed by the detention of two Canadians and escalating tensions over human rights, tech battles, and alleged interference in Canadian affairs. The expulsion of diplomats further heightens the strained relationship between Canada and China.
Huawei’s net profit fell almost 69% last year to 35.6 billion yuan ($5.2 billion), due to US sanctions and international economic uncertainty, according to the company. The CFO described the results as a “low point” in the company’s history but said the company was moving “back to business as usual” despite US restrictions becoming its “new normal”. Huawei has moved to diversify its revenue streams, focusing on consumer tech such as smartwatches and boosting its footprint in the auto sector as a supplier.