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You have your blacklist, we'll make ours! China creating list of "unreliable entities" from the US, saying "Necessary means will be taken"

May 31, 2019

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  • China is going to respond to the US efforts to blacklist its tech companies by creating its own blacklist
  • China will create a list of “unreliable entities” that is says are damaging the interests of Chinese domestic companies
  • The action will affect every foreign company that does business in China and could potentially touch thousands of firms
  • The Ministry of Commerce said the order will apply to
    • Companies
    • Foreign organizations
    • Individual persons
  • The Ministry of Commerce said China will add names to the list for the following reasons
    • Don’t obey market rules
    • Violate contracts
    • Pose a threat to the national security of China
    • Cut-off supplies for non-commercial reason
    • Damage the interests of Chinese companies
  • The Ministry of Commerce said it will release more specific details shortly, adding “necessary means will be taken
  • The Ministry of Commerce insists it is taking these actions “to protect international economic and trade rules and the multinational trading system, to oppose unilateralism and trade protectionism and to safeguard  China’s national security, social and public interests

 

 

 

 

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