China to probe FedEx after Huawei says parcels diverted

China to probe FedEx after Huawei says parcels diverted

China will investigate whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency said on Saturday, after Chinese telecoms giant Huawei said parcels intended for it were diverted, Trendreports citing Reuters. It added that the company wasn't told by anyone to divert the packages.

The US package delivery company violated relevant Chinese laws and industry regulations by failing to send packages to correct addresses, the report said.That seriously harmed the legitimate rights and interests of its customers, and the relevant authorities chose to initiate an investigation, according to the report.

China's commerce ministry announced Friday that it will establish its own list of foreign enterprises, organizations and individuals it deems to be "unreliable entities" - a possible response to the US blacklist.

China Central Television said in a commentary that China had established a list of unreliable entities, and the investigation into FedEx will be a warning to other foreign companies and individuals "that violate Chinese laws and regulations".

More news: Jurgen Klopp 'perfect match' for Liverpool, says club owner John W Henry

The US and China are embroiled in a protracted trade dispute and tariff war that began last July following complaints from Donald Trump that China steals from or pressures foreign companies to hand over technology while unfairly subsidising Chinese businesses. The duties of 5 per cent to 25 per cent are retaliation against President Donald Trump's decision to raise duties on Dollars 200 billion of Chinese imports to 25 per cent, up from 10 per cent previously. "FedEx will fully cooperate with any regulatory investigation into how we serve our customers", the company said in a statement on Saturday.

Technology giant Huawei has admitted its target to become the world's top smartphone vendor by next year may be unrealistic after the United States trade ban.

China said on Friday that it will draw up a list of "unreliable entities" that harm the interests of Chinese companies. Xinhua used two hashtags in Weibo posts on the FedEx probe: #ChinaUSTrade and #RetaliateAgainstUSTradeBullying.

That prompted Beijing to hit back with additional levies on the majority of US imports on a $60 billion target list.

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