Held on Tuesday and Wednesday, the meetings came soon after Beijing’s announcement that it was assembling a list of “unreliable” companies and individuals. That list was widely seen as a way of hitting back at the Trump administration for its decision to cut off Huawei, the Chinese electronics giant, from sales of American technology. The unravelling of the world’s most important trade relationship has left companies and governments around the world scrambling. The intervention seemed designed to rally support for Huawei, though the company was not specifically mentioned, the two people said. In the meetings this week, Chinese officials explicitly warned companies that any move to pull production from China could lead to punishment, according to the two people.

Source: bd News24 June 09, 2019 03:56 UTC