VIP Class Notes (Nicholas)

Next Class Focus

Focusing on immediate grammar corrections.

Some pronunciation.

And reading in business-oriented journals.

Homework

Write for me one paragraph — using the vocab from today “impact, issue, offering” — about the Huawei situation, and what do you think will happen, or how do you think this will affect China-US relations. Just one paragraph.

Pronunciation

da / the

nors / north

cont / cant

Vocabulary

exercise / working out

an exercise routine / a workout

e.g. I went to a boxing class yesteday — it was a great workout.

e.g. How often do you workout? Oh, I workout everyday.

e.g. When will you be working out? I will workout tomorrow.

from my point of view / from my perspective

grasp the Chinese woman / take/took the woman

levied sanctions / to levy = to put on, sanctions = forbidden to do business with

“absence makes the heart grow fonder” – when I’m far away from you, it makes me miss you, and then love you more.

bickering / arguing

e.g. Young children always bicker.

e.g. When will the loud bickering end?

offering  / more formal use of “give’

e.g. If two sides are negotiationg, it’s better for me to ask “what is the other side offering” rather than “what is the other side willing to give”?

e.g. What’s the offer?

to impact / to be change or affect in some way

e.g. How did the arrest of Meng Wanzhou impact the China-US trade talks?

e.g. How has daily exercise impacted your health? It has impacted it in many ways: we feel better, we are happier.

e.g. When Carolyn join the company, she is so professional, she’s so smart — she always makes a big impact on the workplace.

to issue / to give to someone

e.g. Have you been issued (given) your new passport?

e.g. Can you issue me a new something…

reconvene / come together again

Grammar

if she was arrested for this reason

Reading

Huawei executive wanted by U.S. faces fraud charges related to Iran sanctions, could face 30 years in prison

A senior Chinese tech executive faces fraud charges in the United States related to business dealings with Iran, a Canadian prosecutor said Friday, offering the first details of a case that has pummeled financial markets and raised questions about a current trade truce between Beijing and Washington.

Before a packed courtroom in Vancouver, prosecutor John Gibb-Carsley argued that Meng Wanzhou committed fraud in 2013 by telling financial institutions that China’s Huawei had no connection to a Hong Kong-based company, Skycom, which was reportedly selling U.S. goods to Iran in violation of U.S. sanctions. Meng’s lawyer denied the charge.

News this week of her arrest roiled markets already shaken by months of conflict between the world’s two largest economies. The fear is that the arrest of a top Chinese executive could impact a trade war truce struck last week by President Trump and Chinese President Xi Jinping.

[Huawei executive’s arrest could chill U.S.-China commercial ties ]

Meng was arrested at Vancouver’s airport as she traveled from Hong Kong to Mexico on Dec. 1, the same day Trump met Xi on the sidelines of the Group of 20 summit in Argentina.

But the warrant was issued long before that. The allegations were detailed in an Aug. 22 arrest warrant granted in the Eastern District of New York. A Canadian justice then issued a warrant when authorities became aware of Meng’s travel plans, the court heard.

Friday’s hearing suggested that U.S. authorities will allege that Meng played a direct role in a fraud by telling banks that there was no link between Huawei and Skycom.

These banks then cleared financial transactions for Huawei, said Gibb-Carsley, inadvertently doing business with Skycom and becoming “victim institutions†of fraud.

“Skycom was Huawei,†he said.

Meng’s lawyers denied the allegation of fraud, telling the court that Huawei had already divested of Skycom and left its board.

Gibb-Carsley argued that Meng, the daughter of the company’s billionaire founder, Ren Zhengfei, is a flight risk because of her wealth and the fact that she could face three decades in prison.

Meng’s lawyer, David Martin, said she would not risk embarrassing her father or her country by fleeing before her extradition hearing. He also said Meng has family and two homes in Vancouver and that she would put up property as collateral and surrender her Chinese and Hong Kong passports.

The hearing closed without a decision on bail. The court will reconvene Monday.

The U.S. and Canadian sides have thus far said little about the case.

The Chinese government has called for Meng’s immediate release.

“To detain someone without giving clear reason is an obvious violation of human rights,†said Geng Shuang, a spokesman for China’s Foreign Ministry.

The case has called fresh attention to a long-standing conflict over Chinese telecom companies’ operations in the United States and around the world.

Huawei, the world’s second-largest maker of smartphones, is one of the pillars of the new high-tech economy championed by Xi.

But the company’s expansion is strongly opposed by some U.S. officials, who have argued, without detailing their evidence, that Huawei is a threat to national security.