China threatens corporate hit list on eve of new US tariffs
China on Friday threatened to unveil an unprecedented hit list of "unreliable" foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.
The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant.
Beijing's "unreliable entities list" would apply to those who violate market rules and the spirit of contracts, block supplies to Chinese companies for non-commercial reasons, "seriously damage the legitimate rights and interests" of Chinese companies and harm China's national security, the ministry said.
A deluge of sharply worded commentaries, criticism and warnings from China in the last two weeks has intensified a battle of words with the United States that could complicate the run-up to any meeting between their respective leaders next month.
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