China planning its own blacklist after Huawei ban

Huawei ‘axes meetings with US and sends American workers home

China has already established a system of "unreliable" entities, CCTV noted, adding the investigation will be "a warning to other foreign companies".

The move was announced by the Chinese government on Friday, and the country said that the list would contain foreign companies, individuals, and organizations that "do not follow market rules, violate the spirit of contracts, blockade and stop supplying Chinese companies for noncommercial reasons, and seriously damage the legitimate rights and interests of Chinese companies".

Tensions have further worsened between the USA and China recently after Washington barred Huawei equipment from its domestic market and tried to push its European allies to follow suit.

The announcement of the blacklist comes just two weeks after the USA included Chinese tech giant Huawei - accused by Washington of being a national security threat - in a list of companies and individuals denied access to American technology. As a result, Huawei is losing access to key components and software needed to produce its Android smartphones and Windows laptops. During a Friday press conference, a ministry spokesman simply said the government plans on releasing the exact measures in the "near term".

The vague wording of the Chinese state media report opens the door for Beijing to target a broad swathe of the global tech industry - from U.S. giants like Alphabet Inc.'s Google, Qualcomm Inc. and Intel Corp. to even non-American suppliers that have cut off China's largest technology company.

China's announced investigation into the delivery giant comes on the same day that its raised duties against $60 billion of US goods went into effect - a rise from 5% to 25%.

That said, it is unclear what will happen exactly when a company gets put on China's blacklist. On another front, President Donald Trump said he plans to impose a 5% US tariff on all Mexican goods over illegal immigration.

The move resulted in serious repercussions for Huawei as USA companies ceased business dealings with Huawei in compliance with Trump's order.

Chinese state media has floated other potential retaliatory measures in recent days. Bloomberg reported on Friday that China has a plan to restrict exports of rare earths to the US if it needs to. -China tensions over trade and technology in which Huawei has been a main target.

"This retaliation with Chinese characteristics is unlikely to sway the Trump Administration, " said Jude Blanchette, China practice lead at Crumpton Group in Arlington, Virginia, and a former Conference Board researcher in Beijing.

The Chinese move to create its own "entity list" appears to be a way to pressure foreign companies to maintain commercial relations with Huawei.

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