After President Donald Trump’s administration imposed additional tariffs on Chinese products and curbed Huawei Technologies Co last year, China vowed to draw up a list aimed at punishing foreign companies deemed harmful to Chinese interests.
You have yet to publish the list.
The United States said on Friday it will ban WeChat and the video-sharing app TikTok from US stores starting Sunday night, a move that will prevent Americans from downloading Chinese-owned platforms for fear they pose a security threat. national.
China’s list will target foreign firms and individuals who violate normal market transactions in China, disrupting deals with Chinese firms or taking discriminatory measures against Chinese firms, the ministry said.
In May, the state-run tabloid Global Times reported that the measures would target US companies such as Apple Inc, Cisco Systems Inc, Qualcomm Inc, while suspending purchases of Boeing Co. aircraft.
The ministry said the list will help “safeguard national sovereignty, security and development interests, maintain a fair and free international economic and commercial order, and protect the legitimate rights and interests of Chinese companies, other organizations or individuals.” .
Authorities will establish a working mechanism and office to help implement the work related to the list, he added. China will ban foreign companies listed as unreliable entities from importing, exporting and investing in China, the ministry said.
Foreign companies could be removed from the list if they correct their behaviors and take steps to eliminate the consequences of their actions, he said.
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