Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Zhongji Innolight Clears Hong Kong Listing Hearing for Potential $7 Billion IPO
China Issues First Level 3 Certifications Under AI Device Grading System
LATEST
Kai-Fu Lee Says AI Will Soon Reshape Corporate Reporting and Management
Flashy Robot Demos at WAIC Mask Struggles With Real-World Deployment
Kimi K3 Demand Surge Forces Moonshot AI to Pause Sign-Ups
Chinese AI Chip Startups Look Beyond the Cloud to Edge Devices
Biren Unveils 1,024-GPU Optical Super Node Architecture
As AI Agents Take Off, Integration Becomes an Obstacle
Zhongji Innolight Clears Hong Kong Listing Hearing for Potential $7 Billion IPO
China Issues First Level 3 Certifications Under AI Device Grading System
In Depth: China’s AI Boom Creates Demand for a New Kind of Engineer
China’s First AI Companion Rules to Curb Addiction, Protect Minors
China Clears Mobile AI Models, Paving Way for Apple Intelligence
Alibaba Leads $439 Million Funding Round for AI Video Startup AIsphere
Smartphone Shipments Slump as AI Demand Squeezes Memory Supply
StepFun Aims to Bring AI to the Masses With Smartphone
Chinese Robotics Startup Raises $200 Million
Tencent Expands AI Computing Capacity After Hy3 Demand Surge
Xiaomi Cuts Jobs Across Divisions as Earnings Come Under Pressure
Chinese AI Developer MiniMax Raises HK$16 Billion From Equity, Convertible Bond Sale
Tokopedia Downsizing Sparks Indonesian Government Concerns Over Mass Layoffs
AI Chipmaker Enflame Wins Approval for $883 Million STAR Market IPO
China Cautions on ‘Over-Interpretation’ of ‘Unreliable’ Foreign Companies Blacklist

By Wu Gang / Jun 02, 2019 11:52 AM / Economy

Vice Minister of Commerce Wang Shouwen

Vice Minister of Commerce Wang Shouwen

China on Sunday said its plans to blacklist ‘unreliable’ foreign companies that harm Chinese businesses is meant to maintain fair trade, and the move shouldn’t be over-interpreted. 

The remarks by Vice Minister of Commerce Wang Shouwen came two days after the ministry announced that China will put foreign companies that cut off supplies to Chinese companies on an ‘unreliable entity list,’ saying more details would come out later. The move was widely considered as retaliation for the U.S. government’s blacklisting of telecom equipment giant Huawei, a move that effectively banned it from buying products from U.S. companies. 

In follow-up comments to the original Friday announcement, Wang reiterated factors that China will consider when deciding whether to blacklist foreign companies. Those include: whether such companies discriminate against a Chinese company by blocking or cutting off its supplies; whether they do so for non-business purposes and against market rules; whether they cause actual damage to a Chinese company or industry; and whether they threaten China’s national security. 

Wang said further details will be released soon.

Related: China to Create Blacklist of ‘Unreliable’ Foreign Firms, Individuals

Share this article
Open WeChat and scan the QR code