Amid worsening tensions between China and the United States, the Chinese commerce ministry said on Friday that it would draft a hit-list of "unreliable" foreign firms and individuals that harm the interests of Chinese companies. -China trade tensions and USA sanctions on Huawei.
China is investigating FedEx after it diverted packages sent by Chinese tech giant Huawei, state media reported on June 1. As a result, Huawei is losing access to key components and software needed to produce its Android smartphones and Windows laptops.
China's Foreign Ministry accused the us government of abusing its power to crack down on Chinese companies in response, calling such measures "disgraceful and unjust". During a Friday press conference, a ministry spokesman simply said the government plans on releasing the exact measures in the "near term".
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Leg-spinner Adam Zampa claimed 2-39 from nine overs and may hold a slight edge over Lyon for the first-choice spin-bowling role. The tournament will be the 15th edition of the Asia Cup and matches will be played as Twenty20 Internationals (T20Is).
China's own list, which will also include organizations and individuals, will target entities deemed to have blockaded or cut off Chinese companies from suppliers for non-commercial reasons, Ministry of Commerce spokesperson Gao Feng said, promising further details.
The move appears to be direct retaliation for Huawei's placement on the US Commerce Department "Entity List" that effectively bans the sale of Huawei products in the US, though the Chinese tech giant was not mentioned specifically.
The spokesperson said China was "safeguarding" worldwide economic and trade norms as well as the multilateral trading system with this move while also opposing "unilateralism and trade protectionism", terms which Beijing has repeatedly used in its rhetoric against the tariff war initiated by US President Donald Trump.
The official did not say what companies are on the list, adding that they will be announced at a later date. The measures would likely focus on heavy rare earths, a sub-group of the materials where the U.S.is particularly reliant on China. It has placed Huawei on its "Entity List", effectively barring US firms from selling technology to Huawei without government approval.