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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.
This was always coming. Communism and Capitalism don't mix. Sadly, the Deng measures on reform towards a freer more capitalist China seem to have become undeniably skewed towards making a strong hardline Xi authoritarian state. The message should be clear. Route your supply chain around China.