The Ministry of Commerce of China (MOFCOM) announced in a press
conference on May 31, 2019 that the Chinese government will
introduce an "Unreliable Entity List" regime according to
the relevant laws and regulations including Foreign Trade Law,
Anti-trust Law and National Security Law. This has caused a lot of
speculations who would be up on the list and what could be the
implications.
According to the spokesman of MOFCOM, foreign enterprises,
organizations or individuals that boycott or cut off supplies to
Chinese companies and cause serious damages to due rights and
interests of Chinese companies without abiding by market rules or
following the spirit of contract or for non-commercial purposes,
would be listed as "Unreliable Entities". The spokesman
of MOFCOM noted that necessary measures will be taken against the
listed entities. The first list and detailed restrictive measures
applicable are to be released separately.
