China probes FedEx over Huawei parcels - Reuters

Omkar Godbole FXStreet Contributor

Chinese authorities have launched an investigation into FedEx after it diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others, according to Reuters.

While FedEx said the packages were "misrouted in error", China's Commer Ministry has reportedly said that it would draft a hit-list of "unreliable" foreign firms and individuals that harm the interests of Chinese companies.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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