China Will Impose Various Penalties on the Untrustworthy

China Will Impose Various Penalties on the Untrustworthy China will impose various penalties on the untrustworthy. The country government will impose a number of penalties, including restricting trade, investment and visas to any country, company, group or person listed as untrustworthy. China will impose different penalties on any country, company, group or individual listed as untrustworthy, including restricting trade, investment and visas. The list of unreliable includes names of organizations that pose a threat or potential threat to China's sovereignty, national security, development, and commercial interests. In a statement made on the website of the Ministry of Commerce on Saturday, a new directive was shared on those who discriminate or harm Chinese companies, organizations or individuals. New policies to punish companies, countries, groups or individuals on the list took effect on Saturday. These policies include investment bans, restrictions on work and residence permits, and in some cases fines. In the statement, it was stated that organizations on the list can be given time to correct their actions, no penalties will be imposed during this period and can be removed from the list if the negative consequences of their actions are eliminated. The Chinese government first reported that it prepared the list at the height of the trade war in mid-2019. The announcement, made on Saturday, came after the US announced that it would ban some of the transactions made through Chinese apps Tiktok and WeChat.