🚨 Big news from China! On Tuesday, the Chinese Ministry of Commerce announced that two major U.S. companies, PVH Corp. and Illumina, Inc., have been added to its \"Unreliable Entity\" list.
So, what's the tea? 🍵 According to the Ministry, these companies have violated normal market trading principles, cut off regular trade with Chinese firms, and taken discriminatory measures against them. This move, they say, severely harms the legitimate rights and interests of Chinese companies.
The decision aims to safeguard China's national sovereignty, security, and development interests. The Ministry stated that the unreliable entity list mechanism will take appropriate actions against these companies based on relevant laws and regulations.
But before you panic, a spokesperson from the Ministry of Commerce emphasized that China is still open for business! 🌏 They assured that foreign companies operating with integrity and following the law have nothing to worry about.
\"The Chinese government always welcomes enterprises from around the world to invest and do business here,\" the spokesperson said. \"We're committed to providing a stable, fair, and predictable business environment for foreign companies that play by the rules.\"
This move marks a significant moment in global trade relations 🌐, and we'll be keeping an eye on how it unfolds. Stay tuned for more updates! 🔍
Reference(s):
cgtn.com
