China aligned itself to Huawei, says they are against US' latest rules

Pictured: Huawei NetEngine 8000 source: CNBC.com

China has answered against the latest sanctions by the US to Huawei, said that they will do whatever they can to preserve Chinese interests and rights.

Huawei could lose a million users as they enter the second year of blacklisting, as the loss of Google's license has had a huge impact on sales outside of China.

The current administration in the US has blocked Huawei from supplying chip supplies to other telecoms companies, which resulted in fears of Chinese retaliation and preventing shares to Huawei from chipmakers. The block would take effect on 22nd May, Friday and would have a 120-day grace period.

The Chinese government has responded by blocking US companies on an "unreliable entity list", according to Chinese state-run newspaper Global Times.

The companies affected include Apple Inc, Cisco Systems Inc and Qualcomm Inc. Many more US companies may get affected in the future.

Source: Forbes.com , CNBC.com