London (CNN Business)Beijing is preparing a blacklist for foreign companies as trade tensions with the United States continue to escalate.
The Chinese government is working to establish an “unreliable entity list” which would include foreign companies, individuals and organizations, according to a statement Friday from China’s Commerce Ministry.
Companies that violate market rules will be added to the list, according to the statement. Other targets include firms that block supplies to Chinese companies for “non-commercial reasons” or otherwise damage their interests.
