Huawei arrest stokes fears of China reprisals among America Inc executives
Executives at major US companies fear China may retaliate against US firms and their executives following the arrest last week of a top executive of Huawei in Canada. At a closed-door security meeting of US companies in Singapore on Thursday, one topic was high on the agenda: the arrest of the Huawei executive and the potential backlash on US firms operating in China. Officials from major US companies who attended the event, a scheduled meeting of the local chapter of the US department of state’s overseas security advisory council (Osac), voiced concerns about retaliation against US firms and their executives, two people with knowledge of the meeting said. A number of attendees said their companies are considering restricting non-essential China travel and looking to move meetings outside the country, one of the people added.
Security executives for companies including Walt Disney, Alphabet’s Google, Facebook, and PayPal Holdings attended the meeting, according to the sources ...
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