hina is drafting a list of foreign parties considered “unreliable enti
ties” that harm the interests of Chinese companies, said the Ministry of Commerce on Friday.
Detailed measures of the plan are to be disclosed at a later date.
The list will target companies, people and organizations that fail to abide by market rules, violate th
e spirit of contract, block Chinese companies for non-commercial reasons, and severely violate Chinese co
mpanies’ legitimate rights, said Gao Feng, the ministry’s spokesman, in a media briefing on Friday.
“Due to the increasing uncertainties in the global economy, including
the rising trade protectionism and unilateralism, the multilateral trading system is facing s
evere challenges and regular international commercial activities have been disrupted,” Gao said.
ions of a culture of sexism and bullying at Uber and US Department of Justice investigations. After a series of embarrassments, Kalanick was forced to res
ign in 2017 by a group of investors. Uber then hired Khosrowshahi to lead the company.
Uber has said it has the potential to grow not just in the cab hailing business, but also as a “sup
erapp” to provide logistic services, such as grocery and food delivery, organizing freight tra
nsportation, and even financial services, much like Grab, its Southeast Asian counterpart.
But market experts have struggled to find value in a company that has consistently posted los
ses, and warned that it may never be profitable. “The business is unprofitable, new entrants can enter the ma
rket, there is potential regulatory risk, and it is very price sensitive. What is there to like about this opportunity?” Ro
bert Johnson, professor of finance at Heider College of Business, Creighton University in Omaha, Nebraska said.
Huawei ranking first, according to a report by IPlytics, an authorized patent data company.
Chinese companies topped the list for most 5G Standards-Essential Patents applications in communicat
ion systems by the end of April, accounting for 34 percent of the world’s total, The Paper reported Wednesday, citing the report.
Chinese tech giant Huawei has taken a leading role by owning 15 percent of Stan
dards-Essential Patents, according to the report Who Is Leading the 5G Patent Race?
5G SEPs are patents any company will have to use when implementing standar
dized 5G technology and no one can avoid them, giving them key value among all patents.
Three industrial leaders from China were included in the top 10 list of 5
G SEP family owners, with Huawei taking the crown, and ZET Corp and China Academy of
Telecommunications Technology grabbing fifth and ninth places, respectively.