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

Reuters ^ | May 15, 2020 | by Shubham Kalia

[Oldeconomybuyer]

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, Cisco Systems Inc, Qualcomm Inc as well as suspending purchase of Boeing Co airplanes, the report said here 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."

[Oldeconomybuyer]

[null and void]

Buh bye...

[MeneMeneTekelUpharsin]

Here we go, warp 2, moving to warp 3....

[Lurker]

It’s time to jerk the rug out from under the CCP.

Withdraw MFN status.
Kick them out of the WTO.
Cancel all visas held by Chinese nationals. Give them 7 days to leave US soil.
Recall our Ambassador for consultations.
Establish full formal Diplomatic relations with Taiwan.
Announce that the US has no objections to Japan and South Korea going nuclear.

Let the communist bastards howl.

L

[HombreSecreto]

Big deal - in a trade battle it’s the country structurally more reliant on export that is vulnerable.

Sorry, China, you’re not officially screwed yet but you see it coming and there’s nothing you can do about it.

[dp0622]

Yes!

[ManHunter]

Oh no!! So the ChiComs think our companies are unreliable? Whatever will we do...? /S

[BTerclinger]

absolutely.

[Vigilanteman]

Of course, they will quit buying our debt. And Starbucks, Apple and some of the rest may move its headquarters to Brussels. And we can stop dishing out so many H1B visas. And China could start buying more pork from Australia.

But they should never had gotten MFN status to begin with before making major structural reforms.

[Buckeye McFrog]

But they should never had gotten MFN status to begin with before making major structural reforms.

For that you can thank GHWB when he winked at them as they ran over their own people with tanks.

[Rurudyne]

pot ... kettle....

[Lurker]

“Of course, they will quit buying our debt.”

Then we quit paying the interest.

“And Starbucks, Apple and some of the rest may move its headquarters to Brussels.

Starbucks HQ is in Seattle. Apple HQ is in Cupertino. That ain’t changing.

“And China could start buying more pork from Australia.”

Oh well. Good for the Aussies.

L

[fuente]

Economic WW3...better than the kinetic kind....

[existentially_kuffer]

Yup, funny too... these (and others) are the CCP companies they steal/copy our intellectual property.

[Lurker]

“Economic WW3...better than the kinetic kind....”

We could cut these bastards off at the knees in 90 days and not have to fire a shot. If they shoot first we end the rule of the CCP.

Permanently.

L

[1Old Pro]

I smell a new cold war.

[heshtesh]

I smell a new cold war.

Good! It’s damn well about time!

[ManHunter]

My question is, if the Chinese are so friggin’ smart, why are they stealing OUR intellectual property?

[DEPcom]

Wonder if that means the Iphone will be made outside of china now.

[G Larry]

Uh...isn’t CHINA at the top of the “unreliable entity” list?