China adds two US firms to Unreliable Entity List to safeguard national security: MOFCOM

China is an important growth engine,

PVH CEO Stefan Larsson said on an earnings call in April

Going after PVH is notable because it’s the first time a consumer brand was targeted” with the “unreliable entity” designation

said Sam Ide, a vice president who specializes in China at the Asia Group, a business consulting firm

The above two entities violate normal market transaction principles, interrupt normal transactions with Chinese enterprises, and take discriminatory measures against Chinese enterprises,

it added

Foreign entities that are honest and law-abiding have nothing to worry about. The Chinese government, as always, welcomes foreign investment, and is committed to providing a stable, fair and predictable business environment for law-abiding foreign companies operating in China,

the spokesperson said

Li Yong (poet)calligrapher known for his semi-cursive style and a nobility in the Tang Empire (678-747)

When China adds any company to the Unreliable Entity List, it is very prudent and would not add any company to the list without evidence,

Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Tuesday

If foreign companies don't do anything to jeopardize China's interests, they have absolutely nothing to worry about. We always welcome law-abiding firms to come to China to develop and grow,

the expert said

There's nothing to worry about for honest and law-abiding foreign entities,

said the spokesperson