U.S. may impose sanctions on China sooner than expected

Amid calls for action against Chinese hackers, the U.S. is reportedly set to unveil new sanctions against Chinese companies with connections to such groups earlier than expected.

Citing three unnamed U.S. officials, the Financial Times wrote on Thursday that the sanctions would likely come after the Labor Day holiday next week. Observers had widely expected action to come after Chinese President Xi Jinping visits Washington at the end of this month, but the officials quoted said that taking action now would “give China time to cool down” before the visit.