The Chinese Ministry of Commerce announced on Tuesday the addition of two U.S. firms, PVH Corp. and Illumina, Inc., to its unreliable entity list.
According to the Ministry, these companies have violated normal market trading principles, terminated regular trade with Chinese companies, and adopted discriminatory measures against them. These actions are said to have severely harmed the legitimate rights and interests of Chinese businesses.
The decision aims to maintain national sovereignty, security, and development interests in accordance with relevant laws and regulations. The unreliable entity list mechanism allows the Chinese government to take corresponding measures against the affected entities based on established legal frameworks.
A spokesperson for the Ministry of Commerce emphasized that China handles matters related to the unreliable entity list with prudence, targeting only a few foreign entities that disrupt market rules and violate Chinese laws. The spokesperson reassured that foreign companies operating with integrity and in compliance with the law have no reason for concern.
The Chinese government reiterated its commitment to welcoming enterprises from around the world to invest and conduct business in China, ensuring a stable, fair, and predictable business environment for those that adhere to its laws and regulations.
Reference(s):
cgtn.com
