The US-China tit-for-tat measures are posing threat to businesses in both countries. Reportedly, following the US’ example, Beijing is considering its own blacklist for unreliable foreign firms. Large US companies are taking this statement very seriously thinking about strategies on how to minimize losses.
Beijing is speeding up the release of the "unreliable entity list" in response to the US government's aggressive trading policy. China's "unreliable entity list" is likely to include American companies or persons who "severely damaged the legitimate interests" of Chinese firms by blocking, cutting supplies, or hurting tech companies' operations in any way. Economists think that this is a tit-for-tat move to Washington's "Entity List", banning many Chinese firms from conducting business in the US. There is only one significant difference. Washington has provided convincing evidence of espionage of some Chinese companies, while China simply retaliates without giving any proof that US firms are threatening national security.
This is why China's decision to introduce its own blacklist seems unjustified. Yet, the sources close to China’s government, say that Chinese officials are actively working on the unreliable entity list.
