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BEIJING: China’s Ministry of Commerce on Saturday (Sept. 19) issued rules on its proposed list of “untrusted entities,” part of an increasingly intense rift with the United States, and said it will target foreign companies and individuals that endanger China’s sovereignty and security.
After the administration of President Donald Trump imposed additional tariffs on Chinese products and curbed Huawei Technologies 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.
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Comment: There are no winners in the technology divide between the United States and China
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 tabloid Global Times reported that the measures would target US companies such as Apple, Cisco Systems, Qualcomm, while suspending purchases of Boeing planes.
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.
