China is ready to put US companies in an “unreliable entity list” as part of countermeasures against Washington’s move to block shipments of semiconductors to Huawei Technologies, the Global Times reported on Friday.

The measures include launching investigations and imposing restrictions on US companies such as Apple, Cisco Systems and Qualcomm, as well as suspending purchase of Boeing Co airplanes, the report said, citing a source.

The Global Times is published by the People’s Daily, the official newspaper of China’s ruling Communist Party. While the Global Times is not an official mouthpiece of the party, its views are believed to reflect those of its leaders.

Earlier on Friday, the US commerce department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain US software and technology”.  — Reported by Shubham Kalia, (c) 2020 Reuters