China Adds PVH Corp. and Illumina to Unreliable Entity List 📋
Big news from China! 🇨🇳 The Chinese Ministry of Commerce announced on Tuesday that two major U.S. firms, PVH Corp. and Illumina, Inc., have been added to its unreliable entity list.
So, what's the deal? 🤔 According to the Ministry, these companies have violated normal market trading principles and halted regular trade with Chinese companies. They've also taken discriminatory measures against Chinese firms, which the Ministry says has severely harmed their legitimate rights and interests.
The decision is all about maintaining national sovereignty, security, and development interests, sticking to relevant laws and regulations. 📜 The unreliable entity list mechanism will now take corresponding measures against these companies.
But here's the kicker: a Ministry spokesperson emphasized that China is pretty chill 😎 when it comes to handling such matters. The list targets only a few foreign entities that disrupt market rules and violate Chinese laws.
For all the legit businesses out there, no worries! 😊 The spokesperson reassured that foreign entities operating with integrity and following the law have nothing to fear. China still welcomes enterprises from around the globe to invest and do business. They're all about providing a stable, fair, and predictable environment for those who play by the rules. 🌏🤝
This move highlights China's commitment to a fair playing field in international trade. For young entrepreneurs and market enthusiasts, it's a reminder of the importance of adhering to market principles and regulations. 📈
Reference(s):
cgtn.com
