The Chinese Commerce Ministry unveiled the “unreliable foreign entity list” earlier on Saturday, with the official purpose of safeguarding national security interests, as well as maintaining “fair and free international economic and trade order.”

It appears to be a response to the US Department of Commerce, which recently added Huawei to the country’s ‘Entity List’, restricting the Chinese tech giant’s access to items produced domestically and abroad using US technology and software.

The announcement by the ministry did not single out specific foreign entities, but widely elaborated on factors that could enable the government to trigger restrictive measures.

These could be imposed if such entities endanger “national sovereignty, security or development interests of China,” apply discriminatory measures “against an enterprise, other organization, or individual of China,” or cause serious damage to the rights and interests of Chinese companies or individuals.

Sanctions may come in the form of fines, as well as restriction of operations and investment in China. Beijing will also be able to refuse entry to foreign personnel or equipment into the country.

The timing of the new punitive measures is particularly noteworthy as they come a day after Washington ordered a ban on the downloading of popular Chinese-owned video-sharing service TikTok, and effectively blocked the use of Chinese messaging app WeChat.

The latter will be shut down in the US on Sunday, whereas people will be able to use TikTok until November 12, when it could also be completely banned.US Commerce Secretary Wilbur Ross claimed the Chinese-owned apps “collect vast swaths of data from users” and are funneling them to China’s intelligence services.

Washington will not make American users delete the apps from their devices, but will prevent them from installing updates instead. US authorities would also mandate that Apple, Google, and other software providers make TikTok and WeChat unavailable on their platforms inside the US.

Like this story? Share it with a friend!

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Jamie Dimon: Respect the democratic process — and the election outcome

New York (CNN Business)JPMorgan Chase CEO Jamie Dimon is urging Americans to remain calm and keep faith in the electoral system as uncertainty continues in the presidential election. “While strong opinions and tremendous passion characterized this U.S. election, it is…

China’s live-streaming service users reach 560m: report

BEIJING – The number of online live-streaming service users in China had reached 560 million as of March 2020, accounting for 62 percent of the country’s total number of internet users, according to a report on China’s internet development. The…

China’s battery makers report lower profits in H1

BEIJING – China’s major battery manufacturers reported lower profits and revenues during the first six months of this year, official data showed. Profits of major battery companies dropped 9 percent year-on-year to 12.48 billion yuan ($1.8 billion) in H1, according…

Asia shares fall as US-China tensions douse rally on Wall St

BANGKOK — Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day. Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. U.S. and Chinese officials have…