The commerce ministry in Beijing has yet to publish its list ofBeijing'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, Reuters reports. Beijing'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. 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.

Source: The Standard September 19, 2020 04:52 UTC