American Economics Thread

broadsword

broadsword

Brigadier
Andy1974 said:
This is not what the article says. Fake summary from you.
Click to expand...

I need clarification.

I was reading the Google translation:

Ministry of Commerce Responds to Issues Related to the Implementation of the Unreliable Entity List​

2023-04-19 10:23:28 Source: Xinhua News Agency



​
Xinhua News Agency, Beijing, April 18. The Ministry of Commerce recently issued an announcement on the working mechanism of the Unreliable Entity List, deciding to include Lockheed Martin Corporation and Raytheon Missile and Defense Corporation, two companies that sell arms to Taiwan, into the Unreliable Entity List. The spokesperson of the Ministry of Commerce responded to questions related to the implementation of the Unreliable Entity List on the 18th.
The announcement clearly prohibits the entry of senior managers of the above-mentioned enterprises. The spokesperson of the Ministry of Commerce said that in order to safeguard national sovereignty, security and development interests, according to the "Anti-Foreign Sanctions Law of the People's Republic of China", "Foreign Trade Law of the People's Republic of China" and "National Law of the People's Republic of China" Security Law and other relevant laws, the working mechanism of the Unreliable Entity List, in accordance with the "Regulations on the Unreliable Entity List", decided to ban Lockheed Martin's James Donald Tekrit from February 16, 2023 Taiclet, Frank Andrew St. John, Jesus Malave, Wesley D. Kremer of Raytheon Missiles and Defense, Agger Agnes Soeder, Chander Nijhon and other senior managers of the above two companies entered, worked, stayed and resided in China.
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The announcement clearly prohibits the above-mentioned companies from engaging in import and export activities related to my country. Regarding how the relevant companies in our country should accurately understand and implement the regulations, the spokesperson responded that Lockheed Martin and Raytheon Missiles and Defense have long participated in the Arms sales to Taiwan are bad in nature. The decision to prohibit two US companies from engaging in import and export activities related to China is aimed at preventing Chinese products from being used in their military business. Chinese enterprises should strengthen due diligence and compliance system construction and verify transaction information in their business activities. When Chinese enterprises engage in activities such as export, transit, transshipment, and express transportation, if they know that the actual importers or users are the two US companies mentioned above, they are not allowed to carry out relevant import and export activities. For violations of relevant regulations, the relevant departments will be held accountable in accordance with laws and regulations.
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Am I correct that LM and Raytheon are prohibited from importing and exporting Chinese goods, whether directly or indirectly?
And nothing about the types of products was mentioned?
 
A

Andy1974

Senior Member
Registered Member
broadsword said:
I need clarification.

I was reading the Google translation:



Am I correct that LM and Raytheon are prohibited from importing and exporting Chinese goods, whether directly or indirectly?
And nothing about the types of products was mentioned?
Click to expand...
Exactly.

And this has caused us to miss the actual important news in the announcement which is that TRANSSHIPMENT will be banned.

This could mean that LM will have difficulty moving commodities or containers even if they don’t come from China.
 
broadsword

broadsword

Brigadier
Andy1974 said:
Exactly.

And this has caused us to miss the actual important news in the announcement which is that TRANSSHIPMENT will be banned.

This could mean that LM will have difficulty moving commodities or containers even if they don’t come from China.
Click to expand...

Do they include rare earth?
 
broadsword

broadsword

Brigadier
Andy1974 said:
I think this conversation has went on too far.
Click to expand...

All I only wanted was clarification since you wrote
Andy1974 said:
This is not what the article says. Fake summary from you.
Click to expand...

and

Andy1974 said:
Look, making these kind of fake connections is exactly how fake news spreads. Please stop it. This is like a conclusion the MSM would make. It’s extremely dishonest of you. You could have said China bans food export and it would still be true according to your definition.
Click to expand...

I would be happy if China banned rare earth regardless of how effective it would turn out. It would be a bold first step.
 
PopularScience

PopularScience

Junior Member
Registered Member
Andy1974 said:
Look, making these kind of fake connections is exactly how fake news spreads. Please stop it. This is like a conclusion the MSM would make. It’s extremely dishonest of you. You could have said China bans food export and it would still be true according to your definition.
Click to expand...
China bans everything to these companies, including rare earth. Please let me know which part is fake news?

Also, these companies do not import food from China.
 
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