China has added two U.S. companies, PVH Corp. and Illumina, to its unreliable entity list, announced by the Chinese Ministry of Commerce on Tuesday. 🚫🇺🇸
The ministry stated that these companies violated market trading principles, terminated regular trade with Chinese businesses, and adopted discriminatory measures against them, thereby severely harming their legitimate rights and interests.
This decision aims to uphold national sovereignty, security, and development interests in accordance with relevant laws and regulations.
Consequent measures will be enforced against the aforementioned entities based on these laws. The ministry emphasized that the unreliable entity list targets only a few foreign companies that disrupt market rules and violate Chinese laws. 🛡️
A spokesperson reassured that foreign entities operating with integrity and in compliance with the law have no reason for concern. China continues to welcome enterprises from around the world to invest and conduct business, maintaining a stable, fair, and predictable environment for compliant companies. 🌐✨
Reference(s):
cgtn.com
