List of foreign companies that impair China's sovereignty and safety New system to impose penalties September 19, 17:24
The Chinese government has announced a new system to list and impose penalties on foreign companies that undermine China's sovereignty and security.
As the Trump administration in the United States tightens its squeeze on high-tech companies in China, it seems that it aims to restrain the United States.
On the 19th, the Chinese Ministry of Commerce announced a new system to list and impose penalties on foreign companies, organizations and individuals that undermine China's sovereignty and security, as well as the legitimate interests of Chinese companies.
Under this system, companies to be listed will be decided by investigation by related organizations, and penalties such as prohibiting import / export and investment in China can be imposed.
The policy of listing foreign companies and imposing penalties was already announced last year, and was seen as a countermeasure against the US banning transactions by listing Chinese telecommunications equipment giant Huawei.
The system announced this time will come into effect on the 19th, and the Chinese government aims to restrain the United States while tightening the tightening on the Tik administration's application such as "TikTok" provided by Chinese companies. It can be seen as.