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Canada is presenting the case against Meng on behalf of the US, which wants to extradite her.

Meng Wanzhou, Huawei's global chief financial officer, was arrested in Canada on December 1 and faces extradition to the United States, which alleges that she covered up her company's links to a firm that tried to sell equipment to Iran despite sanctions. "And he has assured China that due process is absolutely being followed in Canada and consular access for China to Ms. Meng will be provided, and that we are a rule-of-law country, and we will be following our laws as we have thus far in this matter, and as we will continue to do".

Before the arrest of Huawei Technologies' chief financial officer Meng Wanzhou in Vancouver last weekend, the Chinese company wasn't a household name in Canada - certainly not in the league of an Apple, Samsung or BlackBerry.

"China strongly urges the Canadian side to immediately release the detained person. otherwise Canada must accept full responsibility for the serious consequences caused", the statement added.

"I think it is going to be very important that they say that these are the relevant laws, that they try to remove politics from this as much as possible, whatever the exact specifics of the case are", Balding said.

The case was adjourned until Monday by Justice William Ehrcke to allow the defence more time to complete its submissions. Until then, she will remain in custody.

If extradited, Meng would face charges of conspiracy to defraud multiple financial institutions, the court heard, with a maximum sentence of 30 years for each charge.

Meng is specifically accused of lying to a U.S. bank, identified by her lawyer as "Hong Kong Bank", about the use of a covert subsidiary to sell to Iran in breach of sanctions. Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US and EU. The prosecutor suggested that Meng has shown a pattern of avoiding the United States since becoming aware of the investigation, has no ties to Canada and has access to vast wealth and connections, thus posing a flight risk.

The U.S. alleges that Huawei used an unofficial subsidiary called Skycom to do business in Iran for Iranian telecom companies, breaching U.S. and European sanctions against the Middle Eastern country, according to Crown attorney John Gibb-Carsley.

Yesterday's court hearing is meant to decide on whether Meng can post bail or if she is a flight risk and should be kept in detention.

The world's top two economies have exchanged steep tariffs on more than US$300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits.

National Economic Council Director Larry Kudlow discusses the arrest of Huawei CFO Meng Wanzhou, the Federal Reserve's rate hikes and the White House tech summit.

The US case against Meng involves Skycom, which had an office in Tehran and which Huawei has described as one of its "major local partners" in Iran.

Although there are some waivers, US Treasury Secretary Steven Mnuchin has said the US will "aggressively" target any firm or organisation "evading our sanctions".

"Obviously, Washington is resorting to a despicable rogue's approach as it can not stop Huawei's 5G advance in the market", it went on.

But Martin told the judge Meng is a prominent figure and she would not violate a court order if she were released. All security costs would be borne by her. The court heard Meng's husband Xiaozong Liu owns two mansions in the city.

Ericsson of Sweden, the main equipment supplier for the Rogers wireless networks, and Nokia of Finland are also global players in Canada but Surtees considers Huawei to be the market leader.

The offence for which extradition is being sought must also be a crime in Canada, and a Canadian court must decide if there is sufficient evidence to support the extradition.

"I can assure everyone that we are a country (with) an independent judiciary", Trudeau told a tech conference in Montreal. However, concerns about Huawei have been growing for quite some time.

Canadian officials have said Ottawa was continuing to review Huawei's technology for use in upcoming fifth-generation networks. Following the arrest of Huawei's CFO in Canada, the UK's BT Group announced this week that it will remove Huawei equipment from existing networks and will not use the firm for 5G.

The five nations together form the "Five Eyes" intelligence alliance.