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China targets FedEx

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Chinese authorities are investigating FedEx.

FedEx is accused of failing to deliver express packages to designated addresses in China, “seriously damaging the lawful rights and interests of its clients and violating laws and regulations governing the express industry in China."

Huawei, which has been blacklisted by the Trump administration, also alleges FedEx diverted packages meant for its company addresses.

Read more from CNBC.

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