China is creating a system to protect its technology amid a spiraling trade dispute with the U.S., state media says.
A worker checks on robot arms at a factory in Nanjing in east China's Jiangsu province, Thursday, June 6, 2019. China's Commerce Ministry will release a list of "unreliable" foreign companies in the near future, a spokesman said Thursday, without giving a specific date. The new list, announced last week, is widely seen as a response to a U.S. decision to put Huawei Technologies on a blacklist for alleged theft of intellectual property and evasion of Iran sanctions.
“China ... will never allow certain countries to use China’s technology to contain China’s development and suppress Chinese enterprises,” the main paper of the ruling Communist Party said, without directly referring to the United States. The initiative follows U.S. moves to restrict sales to Huawei Technologies and other Chinese tech firms on national security grounds.
It said the act would provide a legal basis to manage technology exports and counter American supply cutoffs to some Chinese companies.
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