Heads up: China just slapped Dedrone by Axon, TechInsights Inc. and a handful of other firms onto its "unreliable entity list" – a blacklist aimed at entities that allegedly harm the country’s sovereignty, security and growth. 🤖🔒
The Ministry of Commerce (MOFCOM) says this is a lawful, necessary response. These companies reportedly teamed up on military tech with the Taiwan region, made harsh remarks against China, and helped foreign governments curb Chinese businesses.
MOFCOM stresses the unreliable entity list is a targeted tool – only a tiny number of foreign firms land here. If you follow Chinese laws, you’re good to go. 👍
Despite this move, China remains open for overseas investment. MOFCOM promises a stable, fair and predictable environment for companies that play by the rules. 🌏✨
Takeaway: In today’s interconnected world, business and geopolitics are inseparable. Keep an eye on how this shake-up affects global tech partnerships and supply chains. Stay clued-in! 😉
Reference(s):
China sanctions foreign firms over actions harming national interests
cgtn.com
