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China has issued a list of unreliable entities to take measures against foreign entities that "violate the principle of normal market transactions ," Reuters reported today. According to the provisions published on the website of the Ministry of Commerce of China, the following acts of foreign entities in international economic and trade and related activities shall be taken: activities that endanger the security and development interests of China's national sovereignty 、; activities that violate the normal principles of market transactions, interrupt normal transactions with Chinese enterprises, other organizations or individuals, or take discriminatory measures against Chinese enterprises, other organizations or individuals, thereby seriously harming the legitimate rights and interests of Chinese enterprises, other organizations or individuals.
According to Chinese officials, the move is "aimed at safeguarding national sovereignty 、 security, developing interests, maintaining a fair and free international economic and trade order and protecting the legitimate rights and interests of Chinese enterprises, other organizations or individuals ". The provisions state that foreign entities, including foreign enterprises, other organizations or individuals, shall enter into force as of the date of promulgation.
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The Chinese Ministry of Commerce responded Saturday morning, noting the U.S. move, and urged the U.S. to abandon its "bullying practices" and, if it persists, take the necessary measures to safeguard the legitimate rights and interests of Chinese enterprises, Reuters said.
