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China ready to put Apple, other U.S. companies in 'unreliable entity list': Global Times

Published 05/15/2020, 08:33 AM
Updated 05/15/2020, 08:35 AM
© Reuters. Apple logo is seen on the Macbook in this illustration taken

(Reuters) - China is ready to put U.S. companies in an "unreliable entity list," as part of countermeasures against Washington's move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.

The measures include launching investigations and imposing restrictions on U.S. companies such as Apple Inc (NASDAQ:AAPL), Cisco Systems Inc (NASDAQ:CSCO), Qualcomm (NASDAQ:QCOM) Inc as well as suspending purchase of Boeing (NYSE:BA) Co airplanes, the report said https://www.globaltimes.cn/content/1188491.shtml, citing a source.

The Global Times is published by the People's Daily, the official newspaper of China's ruling Communist Party. While the Global Times is not an official mouthpiece of the party, its views are believed to reflect those of its leaders.

Earlier in the day, the U.S. Commerce Department said it was amending an export rule to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain U.S. software and technology."

Latest comments

China is no friend of the US obviously.. Its best to leave now for the worker's safety
Good.
For they have sown the wind and they shall reap the storm...
good by peace! CH and US will have a major issue sooner than later. this is not going to look nice.
I think as investors i can speak for all of us we are tired of US China headlines
💯% I am agree with you
In deed and print, the world does not need to succumb to any blatant and nefarious oppression, no matter in what form of story.
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