According to relevant laws and regulations, China will establish a “list of unreliable entities”:
foreign enterprise, organization or individual ,non-compliance with market rules, deviating from the spirit of the contract, for the purpose of non-commercial purposes, blocking Chinese companies or cutting off supply, seriously damages the legitimate rights and interests of Chinese enterprises,
Will be included in the “List of Unreliable Entities”,
What is the purpose of China’s “list of unreliable entities”?
Some foreign entities, for non-commercial purposes, violate the normal market rules and the spirit of the contract, and blockades, cut off supplies, and other discriminatory measures against Chinese companies. Impairing the legitimate rights and interests of Chinese enterprises, endangering China’s national security and interests, and threatening the global industrial chain and supply chain security, causing negative impacts on the global economy and causing damage to the interests of related enterprises and consumers.
In order to safeguard international economic and trade rules and the multilateral trading system, oppose unilateralism and trade protectionism, and safeguard China’s national security, social public interests and legitimate rights and interests of enterprises, the Chinese government has decided to establish a “list of unreliable entities”.
The basis for China to establish a “list of unreliable entities”:
According to the “Foreign Trade Law” of the People’s Republic of China, the “Anti-Monopoly Law”, the “National Security Law” and other relevant laws and regulations, the Chinese government has decided to establish a “list of unreliable entities”.
Foreign legal persons, organizations or individuals who impose a blockade on Chinese entities for non-commercial purposes, cut off supply or other discriminatory measures, cause substantial damage to Chinese enterprises or related industries, pose a threat or potential threat to China’s national security, will be put in the list
Gao said that for foreign organizations or individuals listed in the “list of unreliable entities”, punishment will be taken and measures will be announced in the near future.