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China to release list of 'unreliable' foreign firms after US bans Huawei

U.S. companies will have to seek approval for sales to Huawei once the list takes effect

AP | PTI  |  Beijing 

China’s President Xi Jinping with US President Donald Trump at a state dinner at the Great Hall of the People 	File photo: reuters
China’s President Xi Jinping with US President Donald Trump at a state dinner at the Great Hall of the People File photo: reuters

China's Commerce Ministry says it will release a list of "unreliable" foreign companies in the near future.

The Chinese commerce ministry spokesman did not give a specific date during a weekly briefing on Thursday. He said no particular company or industry is being targeted, and those that follow Chinese law don't need to worry.

But he told reporters the process of drawing up the list was underway. China said that would issue a list of foreign companies and individuals that it deems unreliable after the U.S. blacklisted Technologies for alleged theft of intellectual property and evasion of Iran sanctions.

U.S. companies will have to seek approval for sales to once the list takes effect.

China hasn't said what action it might take against the entities included on its list.

First Published: Thu, June 06 2019. 15:30 IST
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