Delivery Firm: Chinese and Flex Hsbc

delivery firm: Photo Xinhua A potential Chinese unreliable entity list has emerged, according to Global Times China. Foreign companies such as Fed Ex, Flex and HSBC are likely to be first included on the list for their behaviors jeopardizing the interests of Chinese firms by cooperating with US long-arm jurisdiction. US courier delivery company Fed Ex Corp sued the US Department of Commerce on June 24 over a request that the package giant enforce restrictions on Chinese telecom equipment provider Huawei. Chinese authorities on Friday unveiled more details about the ongoing probe into US delivery firm Fed Ex, saying the firm's previous statement that the misrouting of Huawei's packages to the US was an operational error is inconsistent with facts. During the investigation, regulators also found other indicators that Fed Ex was violating China's regulations and laws, the Xinhua News Agency reported on Friday. FedEx had also delayed over 100 packages sent from overseas locations to Huawei in China, the probe found. (news.financializer.com). As reported in the news.

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