On April 9, China's Ministry of Commerce issued an announcement, declaring that six US companies, including Shield AI, have been added to the Unreliable Entity List. These companies are prohibited from engaging in import and export activities related to China and from making new investments in China.
The spokesperson pointed out that in recent years, despite China's strong opposition, six companies such as Shield AI and Sierra Nevada Corporation have either participated in arms sales to Taiwan or carried out so - called military - technical cooperation with Taiwan, seriously undermining China's national sovereignty, security and development interests. In accordance with laws such as the Foreign Trade Law of the People's Republic of China, the National Security Law of the People's Republic of China and the Anti - Foreign Sanctions Law of the People's Republic of China, and based on provisions such as Article 2 of the Regulations on the Unreliable Entity List, China will hold them legally accountable for their illegal acts.
The spokesperson said that China has always handled the issue of the Unreliable Entity List prudently, only targeting a very small number of foreign entities that endanger China's national security in accordance with the law. Law - abiding and honest foreign entities have no need to worry. The Chinese government, as always, welcomes enterprises from all over the world to invest and do business in China and is committed to providing a stable, fair and predictable business environment for law - compliant foreign - invested enterprises operating in China.