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China Set to Blacklist Unreliable Business Entities

China is to establish an Unreliable Entity List system, under which foreign enterprises, organisations or individuals that do not comply with market rules, violate contracts, or block or cut off supplies to Chinese companies for non-commercial reasons, causing serious damage to the legitimate rights and interests of Chinese companies, will be blacklisted. The Ministry of Commerce (MOFCOM) said specific rules will be separately released in the near future.

For further details (in Chinese), please access the following link:

http://www.mofcom.gov.cn/xwfbh/20190531.shtml

Content provided by Picture: HKTDC Research
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