China is preparing to place United States (US) companies including Apple and Boeing on an “unreliable entities list” in response to newly announced sanctions on tech giant Huawei, the state-owned Global Times reported.
The proposed move by China is seen as retaliatory measure against a US plan to block shipments of semiconductors to Chinese telecom firm Huawei.
China will launch investigations and imposing restrictions on US companies such as Qualcomm, Cisco, and Apple under Chinese anti-monopoly and cybersecurity laws. China is also likely to order halting purchase of Boeing airplanes.
The Trump administration last week moved to block shipments of semiconductors to Huawei from global chipmakers. The US Commerce Department said it was amending an export rule and the Entity List to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain US software and technology".
The US also announced that it considered Huawei a national security threat, alleging that the Chinese government can gain access to data gathered by Huawei networks around the world.
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