Unreliable Entity List: Partial Measures Temporarily Suspended

The spokesperson noted that, in accordance with the “Anti-Foreign Sanctions Law of the People’s Republic of China” and the “Provisions on the Unreliable Entity List,” the Ministry of Commerce had earlier this month added 17 US enterprises to this list. These companies were prohibited from engaging in China-related import and export activities and restricted from making new investments within China.

However, in response to the consensus achieved during the high-level China-US economic and trade talks, the Ministry of Commerce decided to suspend the measures mentioned in the announcements of April 4th and 9th for some of these enterprises, effective May 14th, for a period of 90 days. During this interim period, if domestic enterprises need to conduct transactions with these US entities, they may submit applications to the unreliable entity list working mechanism, which will review and approve eligible applications in accordance with relevant regulations.

Export Control Management List: Dual-Use Item Export Restrictions Eased

Regarding the export control management list, the spokesperson further clarified that the Ministry of Commerce had previously, in accordance with relevant laws and regulations, listed 28 US entities on this list, prohibiting the export of dual-use items to them.

Similarly, to implement the consensus from the high-level China-US economic and trade talks, the Ministry of Commerce also decided to suspend these related measures for 90 days, effective May 14th. During this period, if any export operator needs to export dual-use items to these 28 entities, they should submit an application to the Ministry of Commerce in accordance with the “Regulations of the People’s Republic of China on Export Control of Dual-Use Items.” The Ministry of Commerce will review the applications in accordance with the law, and eligible applications will be granted licenses.

Policy Adjustment: A Reflection of Sincerity and Flexibility

The spokesperson emphasized that the primary purpose of adjusting these measures is to implement the consensus reached during the high-level China-US economic and trade talks, fully demonstrating China’s sincerity and flexibility in economic and trade cooperation. China will continue to closely monitor the dynamics of China-US economic and trade relations and make corresponding adjustments based on the actual situation to maintain the healthy development of bilateral trade.

Looking Ahead: Dialogue and Consultation for Shared Progress

The spokesperson reiterated that the healthy development of China-US economic and trade relations is inseparable from the joint efforts and mutual respect of both sides. China is willing to work alongside the US, through continuous dialogue and consultation, to properly resolve existing issues in the economic and trade sphere, thereby propelling China-US economic and trade relations forward.

Furthermore, the spokesperson addressed other questions from reporters, covering various important aspects of China-US economic and trade relations, including market access, intellectual property protection, and the investment environment. The spokesperson stated that China will, as always, be committed to improving the market environment, strengthening intellectual property protection, and providing a fairer, more transparent, and predictable business environment for all foreign-invested enterprises.

This detailed explanation from the Ministry of Commerce spokesperson not only clearly defined the two crucial measures in China-US economic and trade relations but also highlighted China’s proactive stance and genuine willingness in economic and trade cooperation. Looking to the future, both China and the US are expected to continue their engagement through constructive dialogue and consultation, jointly promoting the sustained development of their economic and trade ties.

Source: CLIA Wexin