All countermeasures in the pipeline in China to respond to the US trade offensive. Here are the American groups that risk more and less
Beijing has decided not to attend inertly the US trade offensive against it, taking decisive countermeasures that appear to be completely mirroring those taken by its rival.
As told by CNBC, the protagonist of the Chinese revenge and in this case the Chinese Ministry of Commerce, which over the weekend released the rules on the basis of which the so-called “list of unreliable entities” will work. The language is deliberately vague to reflect the similar measure taken last year by colleagues in US Commerce, and the goal is more or less the same: to cut the umbilical cord between Chinese and US companies.WHAT CHINA HAS DECIDED
The rules released yesterday, but which date back to May 2019, establish – as stated on the website of the Ministry of Commerce – the consequences that foreign entities (individuals, companies, organizations) will face that are considered a danger to “China’s national security or development interests”. THE REGULATION
Authorities, the regulation continues, may also add a name to the list if such entity suspends “normal transactions”, takes “discriminatory measures” against Chinese entities, “(in violation of) normal principles of market transactions”, or “Would cause serious damage to the legitimate rights and interests of the (Chinese) company. THE EFFECTS
The consequences for a person on the list can range from restrictions or prohibitions on the purchase of Chinese goods to restrictions on investments and on work or travel permits. THE PRODUCT LIST
According to Michael Hirson, head of the Asia and Southeast China division of the Eurasia group, the Chinese will concentrate, at least initially, on listing products that are in competition with a domestic manufacturer, while avoiding those companies. that produce goods that are necessary for Beijing’s economy. According to Hirson, the first candidates to enter the list of the ministry of commerce are giants such as Cisco, Dell / EMC, HP, Lockheed Martin and Rockwell Collins. THE EURASIA REPORT
Also according to the Eurasia analyst, the less risk are companies such as Apple or Microsoft (to have, writes Hirson, “a high global visibility and be good” corporate citizens “within China), chip makers Qualcomm and Intel / AMD (which are “major suppliers and have made great efforts to establish positive relations with the country) and finally Boeing (which despite selling helicopters to Taiwan, plays a critical role in the Chinese airline industry). LESS RISKS ARE APPLE, MICROSOFT, QUALCOMM, INTEL / AMD AND BOEING
According to Hirson, Beijing will begin to act by putting a first American name on the list, and then continuing in fits and starts – perhaps within a few days – as a strategy to show how this is. tool is flexible and can be used in a targeted manner.
Great is the concern in the home of the US Business Council, worried about the “high level of discretion” with which an American company could end up in the crosshairs of the Chinese Commerce Department. But the most worrying thing, always according to the US Business Council, is that US companies will no longer know what to do because they will be squeezed between two very different regulations, the Chinese one and that of their own home.
In short, the trade war between the US and China always continues with new moves and twists that we do not know how long they will continue.

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