China launches counter-mechanism to US sanctions list
China's 'unreliable entities list' is seen as retaliation to US penalties against Chinese companies/ China said Saturday it had launched a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as retaliation to US penalties against Chinese companies such as telecom giant Huawei. An announcement by the Ministry of Commerce did not mention any specific foreign entities, but broadly spelled out the factors that could trigger punitive measures, which may include fines, restrictions on import-export business or ...
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