China will impose sanctions including trade, investment and visa restrictions on any company, country, group or person that appears on its “list of untrustworthy entities,” according to guidelines released Saturday.
The list will contain names of entities that pose a threat or potential threat to China’s sovereignty, national security, development, and commercial interests; and those who discriminate against or harm Chinese companies, organizations or individuals, the Commerce Ministry said on its website on Saturday.
New policies to penalize those on the list went into effect on Saturday and include investment bans, restrictions on work and residence permits and, in some cases, fines.
China first announced that it was crafting the list in mid-2019 at the height of the trade war with the US announcement Saturday.When Chinese apps Tiktok and WeChat face an imminent ban in the US, What makes them unavailable for download and prohibiting transactions within NOS
In a separate statement on Saturday, China’s Ministry of Commerce condemned the move against WeChat and TikTok, saying it would take “necessary steps” to protect the legal interests of Chinese companies, without elaborating.
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