China’s Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms

//China’s Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms

China’s Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms

The ambiguous language in China‘s new Unreliable Entity List for foreign investment gives it great leeway to take punitive actions against foreign companies, analysts said.China’s Ministry of Commerce sought to play down the impact of the announcement on Saturday, clarifying that only a very small number of foreign entities that violate Chinese laws and harm China‘s national sovereignty, security and development interests would be punished by the new regulation, while specific entities or…

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By | 2020-09-22T13:00:09+00:00 September 22nd, 2020|Business|Comments Off on China’s Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms