China warns of sweeping blacklist of companies after Huawei blocks

China will set up a mechanism listing foreign enterprises, organisations, and individuals that don't obey market rules

Huawei
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A surveillance camera is seen next to a sign of Huawei outside a shopping mall in Beijing, China. Photo: Reuters

Bloomberg Beijing
China said it would establish a list of so-called “unreliable” entities it says damage the interests of domestic firms, a sweeping order that could potentially affect thousands of foreign firms as tensions escalate after the US blacklisted Huawei Technologies.
 
China will set up a mechanism listing foreign enterprises, organisations, and individuals that don’t obey market rules, violate contracts and block, cut off supply for non-commercial reasons or severely damage the legitimate interests of Chinese firms, China’s ministry of commerce spokesman Gao Feng said.
 
The vague wording of the Chinese state media report opens the door for Beijing to
Topics : Huawei

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First Published: May 31 2019 | 11:08 PM IST

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