China ready to target Apple, Qualcomm, Cisco and Boeing in retaliation against US Huawei ban

Global Times:

China is ready to take a series of countermeasures against a US plan to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US companies on an “unreliable entity list,” launching investigations and imposing restrictions on US companies such as Apple and suspending the purchase of Boeing airplanes, a source close to the Chinese government told the Global Times.

The measures include adding related US companies to China’s “unreliable entity list,” imposing restrictions on or launching investigations into US companies like Qualcomm, Cisco and Apple according to Chinese laws and regulations like Cybersecurity Review Measures and Anti-monopoly Law, and suspending airplane purchases from Boeing, said the source.

It’s only a rumour at this point but even the hint this could happen will certainly accelerate any plans Apple may have to move at least some of its manufacturing out of the reach of the Chinese government and its battles with the US government.