BUSINESS China to release list of unreliable entities soon: MOC

BUSINESS

China to release list of unreliable entities soon: MOC

By Zhang Jian | People's Daily app

16:58, July 11, 2019

China will release a list of unreliable entities soon, according to the Ministry of Commerce (MOC) Thursday.

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China's Ministry of Commerce (File Photo: CGTN)

"The system of the list of unreliable entities is under relevant procedures and will be released soon," said Gao Feng, the spokesperson of the MOC.

Gao stressed that the list system only targets foreign enterprises, organizations and individuals that do not comply with market rules, violate the spirit of contracts, block or cut supplies to Chinese firms for non-commercial purposes, and seriously damage the legitimate rights and interests of Chinese enterprises.

"Foreign-funded enterprises that follow laws and regulations do not have to worry about it. Their normal operations will not be affected. The Chinese government will protect the legitimate rights and interests of all foreign-funded enterprises in China," said Gao.

China announced the establishment of a list of unreliable entities in May.

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