Beijing will investigate US firm FedEx on suspicion of harming China’s clients.
The Chinese commerce ministry will also be drafting a list of foreign firms it deems unreliable.
China will be probing FedEx to ascertain whether it damaged the rights and interests of its clients.
The development comes after the shipping company misplaced a set of Huawei packages.
Chinese officials are also set to announce their position on trade talks with the US.
Chinese state television said the announcement could be meant as a warning to the U.S.