China will create a “black list” of foreign companies

Китай создаст "черный список" иностранных компаний

Beijing will create a mechanism, which will be in the “black list” of foreign companies.

China will create a list of “unreliable” foreign companies that are not in the interests of Chinese business, writes the Chronicle.info with reference to Bloomberg.

Beijing will create a mechanism by which to make the “black list” of foreign companies, organizations and individuals, which are not subject to market rules, violate the terms of contracts and limit the supply of goods for reasons of non-business nature, said the official representative of the Ministry of Commerce of China Gao Feng.

Probably this step could jeopardize thousands of foreign companies, which exacerbated the conflict China and the United States, the victim of which has become China’s Huawei, the Agency said.

We will remind, on may 17 the President of the United States Donald trump has signed a decree, which prohibits American companies to use Telecom equipment that threatens the security of the country.

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The decree allows you to block the purchase by American companies of equipment, which poses a national security threat. On the same day, Huawei and its subsidiaries was included in “black list” the Ministry of Commerce of the United States — the so-called Entity List.

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