Caixin Global – Latest China News & Headlines

Home >


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.

Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
Trending in China: Should Internet Celebrities Be Part of the School Curriculum?
Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian
Medical Robot Maker Finds Elixir in STAR Board’s Market Reforms
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
France Won’t Ban But Will Discourage Use of Huawei 5G Equipment, Official Says
Trending in China: ‘Lipstick King’ Li Jiaqi Settles in Shanghai, Prompting a Rethink of ‘Talent’
Tencent Plays in U.S. With California Game Studio Launch
Trending in China: Shenzhen Thinks Only Children Should Get Paid Leave to Look After Their Parents - Cue Heated Debate
German Drugmaker BI Launches Shanghai Center to Harness Chinese Expertise
Chinese Self-Driving Truck Firm Aims to Cover Most of U.S. by 2024
Trending in China: Chinese Netizens Tell Indian Prime Minister Modi To ‘Shut The Door On The Way Out’ As He Quits Weibo
Trending in China: If You Can’t Beat Them, Join Them – Why Tencent is Laughing At Itself
Meituan Eyes Robot-Enabled Deliveries with $14 Million Investment in PuduTech
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion
Sina Weibo to Issue $750 Million in Bonds
Embattled Leshi Forced to Sell Smart TV, Livestreaming Trademarks and Swiss Cleaning Carmaker Launch Driverless Street Sweeper
Trending in China: How an ‘Old Godmother’ Took on China’s Internet Giant and Won
China Will Deliver Its Own Entity List Soon, Ministry Says

By Qing Ying and Han Wei / Jun 14, 2019 02:42 AM / Economy

Photo: VCG

Photo: VCG

China will soon publish a blacklist of foreign entities deemed “unreliable” and requirements related to the list after necessary procedures are completed, a Commerce Ministry spokesman said Thursday.

Last month, China unveiled a plan to create its own “unreliable entity list” targeting foreign companies, organizations and individuals that are considered to have damaged the interests of Chinese companies for noncommercial reasons. The move is seen as a response to Washington’s decision to put Huawei Technologies Co. Ltd. on its “Entity List,” restricting the Chinese company from doing business with its American suppliers without government approval.

It is unclear what restrictions will be placed on those included on China’s entity list, but concerns have mounted over its impact on market confidence. Any foreign company that complies with Chinese laws, market rules and the spirit of contracts will not have to worry about the list, Gao Feng, spokesman of the Commerce Ministry, said Thursday at a news briefing.

Gao reaffirmed that China will stick to its guns and will make no compromise on key matters of principle in the protracted trade disputes with the United States.

"China's attitude is very clear,” Gao said. “The United States must change its attitude, show sincerity and correct its wrong practices if it wants the talks to continue."

In response to questions about a recent decline in China’s shipments of rare earth minerals, Gao said fluctuations in rare earth exports were a result of market changes and that China didn’t adopt new control measures for trade in the strategically important materials.

Related: Update: China Blames U.S. for Trade Talks Setbacks

Share this article
Open WeChat and scan the QR code