China is ready to put U.S. companies in an 'unreliable entity list,' as part of countermeasures against Washington's move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.
FILE PHOTO: Apple logo is seen on the Macbook in this illustration taken taken April 12, 2020. REUTERS/Dado Ruvic/Illustration
- China is ready to put U.S. companies in an “unreliable entity list,” as part of countermeasures against Washington’s move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday. The measures include launching investigations and imposing restrictions on U.S. companies such as Apple Inc, Cisco Systems Inc, Qualcomm Inc as well as suspending purchase of Boeing Co airplanes, the report saidThe Global Times is published by the People’s Daily, the official newspaper of China’s ruling Communist Party. While the Global Times is not an official mouthpiece of the party, its views are believed to reflect those of its leaders.
Earlier in the day, the U.S. Commerce Department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S.-China feud looms as battle for next global trade chief beginsThe race to be the next global trade chief is on, and it promises to be a more geopolitical contest than ever as tensions between the U.S. and China are bound to loom over the appointment
Read more »
U.S.-China tensions rise as Trump administration moves to cut Huawei off from global chip suppliersThe Trump administration moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China.
Read more »
Global 2000 Highlights: Inside The Numbers Of The World’s Largest Public CompaniesAverage market values and profits dropped but China continued to catch up to the U.S., and high profile companies including Zoom and Slack broke into the ranks for the first time.
Read more »
Soaring Prices, Rotting Crops: Coronavirus Triggers Global Food CrisisProcessing and transportation breakdowns and panic buying are threatening vulnerable nations. ‘You can have a food crisis with lots of food. That’s the situation we’re in,’ said a senior economist at the Food and Agriculture Organization of the United Nations.
Read more »
Global 2000 Highlights: Inside The Numbers Of The World’s Largest Public CompaniesMost companies on this year’s Global2000 list have seen their market values drop considerably since last year. However, not all companies are being negatively affected by the pandemic. See all the companies that made this year's list:
Read more »