China announces regulations for ‘unreliable entity’ list

China’s Ministry of Commerce on Saturday issued regulations for its “unreliable entity” list, aimed at foreign companies it says endanger its national sovereignty, security or development interests.

Companies that end up on the list could be banned from importing or exporting from China, and may be barred from investing in the country. Other measures include imposing fines, entry restrictions on employees into China and revoking their work or residence permits. The announcement of the new regulations comes after the US imposed sanctions on Chinese telecommunications gear supplier Huawei and placed it on a trade blacklist.

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