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5/31, 12:20 PM (Source: TeleTrader)
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China to set up 'unreliable entities' list - report

The Ministry of Commerce of the People's Republic of China (MOFCOM) is expected to set up an "unreliable entities" list, Channel News Asia reported on Friday without revealing sources.

The list is reportedly set to target those foreign companies which cut supplies or severely hurt the interests of Chinese entities.

Earlier, United States Department of Commerce put Huawei and its 70 affiliates on a trade blacklist after US intelligence agencies accused the Chinese tech giant of spying on behalf of Beijing.

Breaking the News / BM