CHINA HITS BACK WITH ITS OWN ‘ENTITY LIST’

The Global Times on 31st May reported that China will soon release its own version of the US entity list, targeting foreign entities that seriously undermine legitimate interests of Chinese companies, the Ministry of Commerce (MOFCOM) said.  It is one of the countermeasures against US suppression of Chinese companies such as Huawei, reflecting China’s determination to protect the legitimate rights of its companies in overseas markets.  Called the “non-reliable entity list,” the list will include foreign entities, individuals and companies that block and shut the supply chain, or take discriminatory measures over non-commercial reasons, and when their actions endanger the business of Chinese companies as well as global consumers and companies.

http://www.globaltimes.cn/content/1152609.shtml

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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