BEIJING — China’s Ministry of Commerce (MOC) said on June 6 that the procedure was underway for establishing a list of unreliable entities, and details would be released in the near future.
Without giving a specific date, MOC spokesperson Gao Feng said the list was a normative institutional design, with no particular sector, enterprise, organization or individual being targeted.
In establishing the unreliable entities list, China has taken international common practice for reference, aiming to maintain market order for fair competition, Gao said at a weekly press briefing.
“This is a normative system targeting those that disrupt the market for non-commercial purposes,” Gao said, adding that those who abide by China’s laws and regulations, market rules and contracts do not need to worry.
“While implementing the unreliable entities list, we will protect enterprises’ legitimate rights and interests in accordance with the law,” he said.