Following US Huawei Ban, China Threatens Own Blacklist For Foreign Firms

Odds of the U.S. and China cooling off their trade war further diminished on Friday after the world’s most populous nation said it would create a list of “unreliable” foreign firms of its own. From a report: Gao Feng, a spokesman of China’s commerce ministry, said today that the nation will create an “entity list” that will include, in part, foreign companies that have stopped or curtailed their businesses with Chinese firms. “Foreign enterprises, organizations or individuals that do not comply with market rules, deviate from a contract’s spirit or impose blockades or stop supplies to Chinese enterprises for non-commercial purposes, and seriously damage the legitimate rights and interests of Chinese enterprises, will be included on a list of ‘unreliable entities,'” he was quoted as saying by state-owned local media. The retaliation comes weeks after the U.S. Commerce Department enlisted Huawei and 68 affiliates in an entity list over national security concerns, thereby requiring American companies to take approval from the government before conducting business with Chinese firms.

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