China has added two U.S. companies—PVH Corp. (owner of brands like Calvin Klein) and biotech giant Illumina—to its unreliable entity list, citing violations of market rules and discrimination against Chinese firms. The move, announced by the Chinese Ministry of Commerce, signals Beijing's push to protect its businesses amid escalating trade tensions. 🔍
The companies allegedly 'cut off regular trade with Chinese partners and imposed unfair measures', harming their interests, per an official statement. China emphasized the list targets only entities that 'disrupt market order', reassuring compliant foreign businesses they’re still welcome. 🛡️🤝
A ministry spokesperson stressed China remains committed to a 'stable, fair, and predictable' environment for global investors. The decision aligns with efforts to safeguard national sovereignty and security, though specifics about penalties weren’t disclosed. Analysts call this a strategic warning to multinationals navigating U.S.-China frictions. 🌐⚖️
