The Ministry of Commerce of China, or MOFCOM, announced on May 21 that it will soon be releasing a blacklist of foreign companies that will face—as yet unspecified—sanctions for anti-China activities. This “Unreliable List” of foreign companies has generally been viewed as, at least in part, a response to increasing actions being taken by the U.S. administration against Chinese IT giant, Huawei Technologies Co. Ltd.
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