MOFCOM: The unreliable entity list system is carrying out relevant procedures

 MOFCOM: The unreliable entity list system is carrying out relevant procedures

In the first five months, Chinas imports from the United States fell 29.6% year-on-year, the peak said:

Ministry of Commerce spokesman peak: This year has been declining for five consecutive months. Affected by the unilateral escalation of trade frictions in the United States, the competitive advantage of American products has declined, the expectations of enterprises have been unstable, and normal business activities have been disturbed. This situation again shows that there is no winner in the trade war, which may have a recessionary impact on the U.S. economy and the world economy.

In response to a reporters inquiry that companies that do not want to pay tariffs are leaving China, Peak stressed that China remains the most attractive hot spot in the world in terms of investment. China has formed a relatively complete infrastructure, supporting industrial system, business environment is constantly optimizing. The consumer market is constantly upgrading, and the prospects are very broad.

Spokesman of the Ministry of Commerce: In the first five months, the real foreign investment in manufacturing increased by 3.7% in dollar terms and 8.3% in year-on-year terms, which fully demonstrates the firm confidence of foreign investors in Chinas economy and market. At the same time, we also note that recent studies by the International Monetary Fund, JPMorgan Chase Bank, Goldman Sachs and other institutions have also shown that the cost of tariffs imposed by the United States almost falls on American importers, retailers and consumers.

For the relevant provisions of the list of unreliable entities, Peak said: the relevant procedures are being implemented and will be published in the near future.

A spokesman for the Ministry of Commerce: As long as any foreign enterprise abides by Chinas laws and regulations, market rules and contract spirit, there is absolutely no need to worry. China will further optimize its business environment, safeguard the legitimate rights and interests of all kinds of enterprises and maintain market order based on contract spirit.

Source: CCTV News Responsible Editor: Liu Song_NBJ9949