China to Create Blacklist of ‘Unreliable’ Foreign Firms, Individuals

China plans to place foreign companies considered to have damaged the interests of its companies on an “unreliable entity” list, the Ministry of Commerce announced Friday.

The move is an apparent response to the U.S. Department of Commerce putting Huawei Technologies Co. Ltd. on its “Entity List,” effectively banning U.S. companies from selling to the Chinese telecom giant.