Meng, 46 - daughter of the Chinese electronics telecoms giant's founder Ren Zhengfei - was arrested between flights at Vancouver airport on December 1.
Her bio on the company website says Meng joined Huawei in 1993 and held various positions across the company, including director of global accounting and CFO of Huawei Hong Kong.
Meng, who also goes by the name Sabrina, was arrested by Canadian police while changing planes at Vancouver International Airport Dec. 1 on a warrant issued under the Extradition Act at the request of USA authorities.
Wang Heng, a Chinese law professor at the University of New South Wales in Australia, said the U.S. could use Meng's case to increase pressure on China during trade talks. She would also have to give up her passport, he said. Washington is now seeking her extradition, which has put Canada in a tense situation as the awkward middleman.
Marty Kay, the editor of Politico Pro, wrote on Twitter: "The arrest of the Huawei executive is a BIG deal in China and is probably being underplayed in the USA news cycle".
Meng rose through the company ranks through hard work rather than privilege, said Wenran Jiang, a senior fellow at the University of British Columbia's Institute for Asian Research.
The Japanese newspaper Yomiuri reported that Tokyo might take the step because of security concerns, as the United States and some other countries have done.
Liu Weidong, a China-US affairs expert from the Chinese Academy of Social Sciences, told the South China Morning Post: "We'll see more cases like this over the next three months, sanctioning China's state-owned enterprises and individuals, to boost momentum on the US side".
Former US President George HW Bush has died
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Japan too plans to ban government use of telecom products made by Huawei and Chinese tech firm ZTE, reported Japanese media Yomiuri Shimbun on Friday.
But experts have warned her arrest could inflict another hugely damaging blow in the ongoing trade war between the USA and China.
Bolton also declined to reveal the details of the arrest, but did make a comment on the related Iran sanctions.
The detention of Meng appears to be a "game of politics", wrote another user.
Some analysts say Meng's arrest could be used as a bargaining chip, but White House trade advisor Peter Navarro denied it was linked the US-China trade negotiations.
But CNN, quoting an unnamed official, said that the United States saw the arrest as providing leverage in trade talks.
USA authorities have been probing Huawei since at least 2016 for allegedly shipping US-origin products to Iran and other countries in violation of U.S. export and sanctions laws, sources told Reuters in April.
Canadian Prime Minister Justin Trudeau also denied "any political involvement or interference" in Meng's arrest.