China creates a black list of foreign companies
The Ministry of Commerce of the People’s Republic of China will begin to develop a blacklist of foreign legal entities and individuals exerting pressure on Chinese enterprises. This information was published by the Global Times, citing sources in the department.
This list will include organizations and individuals blocking the supply of goods from the Middle Kingdom and applying restrictive measures to Chinese manufacturers for non-commercial reasons. What troubles will threaten the defendants in the black list, the PRC Ministry of Commerce has not yet reported.
The representative of the agency said that the decision to impose restrictions on a number of foreign companies was made after some of them began to violate the principles of free market economics and began to block the supply of Chinese goods. By these actions they created a threat to the national security of the country.
Shortly before that, Global Times chief editor Hu Xijin stated that US sanctions against Chinese company Huawei should not go unanswered:
In May of this year, U.S. President Donald Trump, by his decree, banned US companies from cooperating with Huawei, since this company, he said, was working with Chinese intelligence agencies and transmitting user data to them.
This list will include organizations and individuals blocking the supply of goods from the Middle Kingdom and applying restrictive measures to Chinese manufacturers for non-commercial reasons. What troubles will threaten the defendants in the black list, the PRC Ministry of Commerce has not yet reported.
The representative of the agency said that the decision to impose restrictions on a number of foreign companies was made after some of them began to violate the principles of free market economics and began to block the supply of Chinese goods. By these actions they created a threat to the national security of the country.
Shortly before that, Global Times chief editor Hu Xijin stated that US sanctions against Chinese company Huawei should not go unanswered:
Beijing will not sit quietly and look at what is happening, and soon new responses will follow.
In May of this year, U.S. President Donald Trump, by his decree, banned US companies from cooperating with Huawei, since this company, he said, was working with Chinese intelligence agencies and transmitting user data to them.
Information