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
Recruitment Data Suggests AI Has Yet to Hurt Hiring of Coders in China
Nvidia Still Not Sure It Can Sell H200 Chips in China
Alibaba Expands AI Push With Model Update, New Chip
LATEST
Nvidia Still Not Sure It Can Sell H200 Chips in China
Alibaba Expands AI Push With Model Update, New Chip
Recruitment Data Suggests AI Has Yet to Hurt Hiring of Coders in China
AMD Bets on Edge Computing in Race for AI PC Market
Robot-Dog Maker Deep Robotics Seeks $370 Million Shanghai IPO
Unitree Unveils ‘World’s First’ Production-Ready Mecha
China Establishes New Agency for the Low-Altitude Economy
Baidu CEO Says AI Agents Will Be the Measure of AI Success
Tencent Wins Regulatory Approval to Acquire Audio Platform Ximalaya
Kuaishou Weighs Seeking Outside Money for AI Video Unit
China Issues Guidelines to Standardize AI Agent Development
Cover Story: How AI Is Mining Worker Data to Reshape the Labor Market
ByteDance Plans Subscriptions for AI Chatbot Doubao
U.S. Chipmaker Onsemi Reaffirms Commitment to China as Demand Rises From EV Shift
U.S. Moves to Block Chinese Labs From Certifying Electronics
Cover Story: AI Drives Markets as Valuations Race Ahead of Earnings
Insta360 Profit Falls as R&D Surge Meets Rising DJI Competition
Beijing to Impose Sweeping Drone Sales Ban From May 1
Lightelligence Sets Record IPO Gain with 383% Surge on Hong Kong Debut
Robot Era Raises Over $200 Million as Humanoid Robot Race Heats Up
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