China issues rules on Unreliable Entities List

China's Commerce Ministry on Saturday issued rules on its Unreliable Entities List (UEL).

The list said it will target foreign entities, including foreign firms, other organizations and individuals, endangering China's national sovereignty, security and development interest, as well as those in violation of normal market trading principles.

Entities on the UEL will be restricted or prohibited from doing import and export activities related to China and investing in the country. They will also be restricted or barred from entering and staying in the country.