"The rapidly dwindling good-feeling towards the USA and China's vague trade war ceasefire turned actively hostile on Thursday, investors fearing that, 90-day truce or not, the relationship between the two superpowers might be about to take a turn for the worse".
"The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim".
A Chinese foreign ministry spokesman Geng Shuang reiterated Beijing wanted the United States and Canada "to clarify the grounds for the detention, to release the detainee and earnestly safeguard the legitimate rights and interests of the person involved", Bloomberg reported.
In a statement, Huawei said it has no knowledge of any wrongdoing by Meng.
Huawei said it was "not aware of any wrongdoing by Ms Meng".
Without providing any further detail, Bolton said that Huawei is a company that United States officials have been concerned about for a number of reasons.
In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the US, and American companies and its government should avoid doing business with the company.
A spokesman for the United States justice department in the Eastern District of NY - which Huawei said had brought the charges - declined to comment.
White House National Security Adviser John Bolton, who sat at the table with Mr Trump and Mr Xi, knew in advance of the U.S. request that Canadian authorities arrest Huawei CFO Meng Wanzhou, he told National Public Radio on Thursday (Dec 6).
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Huawei is the world's largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about $92 billion previous year. "The Chinese government should seriously mull over the US tendency to abuse legal procedures to suppress China's high-tech enterprises".
She is credited in her bio with establishing Huawei's globally unified finance organization - helping grow the company to the world's largest supplier of network gear used by phone and internet companies. Under President Donald Trump and his predecessor, Barack Obama, Washington has pressured European countries and other allies to limit use of its technology.
Sen. Marco Rubio called for Meng's extradition.
Meng was arrested in the western city of Vancouver on December 1, Canada's ministry of justice said in a statement.
Scott Jones, director of the Canadian Centre for Cyber Security, said he could not directly answer any questions in relation to the case, but added, "We always have to be resilient no matter what the possible trigger could be, so we increase our resilience against any form of malicious activity that we could be facing as a nation". Such requests must be made through the U.S. Department of Justice's Office of International Affairs (OIA).
Faced with this explosive report, Huawei first denied the story, calling the report "unfounded". The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade USA trade curbs on Iran. Both countries have been locked into a trade war for much of the year, and only agreed last weekend to restart discussions.
Bolton's spokesperson said the arrest transpired roughly around the same time the president was meeting with the Chinese delegation in Buenos Aires, and that Bolton was briefed on the issue after returning to Washington earlier this week. "Certainly other governments also have an equal reason to be mindful and concerned about the espionage intention and capabilities of the west".
David Mulroney, a former Canadian ambassador to China, said USA and Canadianbusiness executives could also face reprisals in China.
Canada must be careful not to damage its relationship with China, the report continues. ZTE got off with paying a $1 billion fine, changing its board and management and agreeing to let American regulators monitor its operations.