ZCZC
BCN-01
US-CHINA-POLITICS-TRADE-SANCTION
China launches counter-mechanism to US sanctions list
SHANGHAI, Sept 19, 2020 (BSS/AFP) – China said on Saturday it had
officially implemented a mechanism enabling it to restrict foreign entities,
a much-anticipated move seen as retaliation to US penalties against Chinese
companies such as Huawei.
An announcement by the Ministry of Commerce did not mention any specific
foreign entities, but broadly spelled out the factors that could trigger
punitive measures, which may include fines, restriction of business
activities and investment in China, and the entry of personnel or equipment
into the country.
BSS/AFP/SSS/1006 hrs