US sanctions against Chinese firms could be next week: FT

Strike back: The US could impose sanctions on Chinese companies and possibly Russian individuals and companies that benefited from the massive cyberattacks on the US as soon as next week, said US officials.

The United States is preparing to sanction Chinese companies connected to the cybertheft of US intellectual property as early as next week, the Financial Times reported. 

The FT cited three US officials as saying the sanctions probably would come next week in advance of Chinese President Xi Jinping's visit later in the month.