China to blacklist ‘unreliable’ foreign firms amid Huawei ordeal

China to blacklist ‘unreliable’ foreign firms amid Huawei ordeal
# 31 May 2019 14:23 (UTC +04:00)

Earlier this month, President Donald Trump added Huawei and its affiliates to a trade blacklist, restricting its activities in the US and forcing American firms to seek permission to deal with the Chinese telecommunications giant, ONA reports citing Sputnik.

China's Commerce Ministry spokesperson, Gao Feng, said on Friday that Beijing would move to create its own blacklist containing "unreliable" foreign enterprises and individuals.

According to the official, foreign firms and individuals that fail to comply with market regulations and substantially damage the legitimate rights and interests of Chinese companies will be included in a list of "unreliable entities".

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