China launches counter-mechanism to US sanctions list

China said on Saturday it had officially implemented a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as retaliation to US penalties against Chinese companies such as Huawei.

An announcement by the Ministry of Commerce did not mention any specific foreign entities, but broadly spelled out the factors that could trigger punitive measures, which may include fines, restriction of business activities and investment in China, and the entry of personnel or equipment
into the country.