China launches sanctions regime after US moves on TikTok, WeChat | Asia

Shanghai: China on Saturday launched a mechanism that would allow it to sanction foreign companies, upping the ante in a tech war with the United States a day after Washington moved to curb popular Chinese apps TikTok and WeChat. China’s long-expected “unreliable entities list” is seen as a weapon for Beijing to retaliate against the United States, which has used its own “entity list” to shut Chinese telecom giant Huawei out of the US market, while also moving against TikTok and WeChat. See also News in pictures: Woman gang raped in India, Trump on Ginsburg, terror suspects held in Kerala,…