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    China to draw up a list aimed at punishing firms deemed harmful to its interests

    Synopsis

    The United States said on Friday it will ban WeChat and video-sharing app TikTok from U.S. stores starting on Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

    Agencies
    China's commerce ministry on Saturday issued rules on its proposed list of "unreliable entities," part of an intensifying rift with the United States, saying it will target foreign firms and individuals endangering China's sovereignty and security.

    After President Donald Trump's administration imposed additional tariffs on Chinese goods and curbs on Huawei Technologies Co last year, China vowed to draw up a list aimed at punishing foreign firms deemed harmful to Chinese interests.

    It has yet to publish the list.

    The United States said on Friday it will ban WeChat and video-sharing app TikTok from U.S. stores starting on Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

    China's list will target foreign firms and individuals violating normal market transactions in China, interrupting deals with Chinese firms or taking discriminatory measures against Chinese firms, the ministry said.

    In May, state-run tabloid Global Times reported the measures would target such U.S. companies as Apple Inc, Cisco Systems Inc, Qualcomm Inc, while suspending purchases of Boeing Co airplanes.

    The ministry said the list will help "safeguard national sovereignty, security and development interests, maintain a fair and free international economic and trade order, and protect the legitimate rights and interests of Chinese enterprises, other organizations or individuals."

    Authorities will set up a working mechanism and an office to help implement work related to the list, it added. China will prohibit foreign firms listed as unreliable entities from engaging in import, export and investment in China, the ministry said.

    Foreign firms could be removed from the list if they correct their behaviours and takes steps to eliminate the consequences of their actions, it said.

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    37 Comments on this Story

    ACGovindan36 days ago
    China wants to punish Global Firms who harm the interests of China - The same rule demands:United Nations and its functional bodies such as UNSC, WHO, WTO etc punish China and its Institutions such as LABs and Firms are punished and de-barred from all exposure to Nations across the globe. What cheeks they express openly to demand "justice" for numerous violations of the normal conduct of the civilized nations and their people.
    Farok Ardesher36 days ago
    Can someone tell me why any country would trade with China which has NO RULE OF LAW, Terrorises its Citizens, have put 2 million Urghurs in concentration camps, have totally wiped off Tibetan culture and killed many Tibetans because they want to practice their religion---- Shame on any corporation who wants to make money from China while their citizens live in constant FEAR.
    Ambujakshi Katti36 days ago
    Every country should ban China forever..no imports..period.
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