"The procedure is underway for establishing a list of unreliable entities, and details will be released in the near future," said the Ministry of Commerce (MOC) spokesperson Gao Feng said Thursday at a routine press briefing.
China's Ministry of Commerce (File photo: VCG)
The list targets no particular sector, enterprise, organization or individual. Rather, it targets those entities that don't follow market rules, deviate from the spirit of contracts, or disrupt the market for non-commercial purposes.
The MOC has also stated clearly that those who abide by China's laws and regulations, market rules and contracts do not need to worry about this list.