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Without giving a specific date, MOC spokesperson Gao Feng said the list was a normative institutional design, with no particular sector, enterprise, organization or individual being targeted.

"Cross-border e-commerce is an innovation responding to the new industrial revolution. As our economy transforms and upgrades, innovations in business model become an imperative. Cross-border e-commerce may take up a very small share in our overall foreign trade now, yet with its fast growth, it has catalyzed domestic industrial upgrading, spurred consumer spending, boosted domestic logistics such as express delivery, encouraged innovation and business start-ups, and created massive jobs."

Zhou said the quality, efficiency and effect of the court trials need to be improved to ensure a stable, fair, transparent and predictable environment for doing business.

China will take all necessary legal and administrative measures against the listed entities in accordance with China's foreign trade law, anti-monopoly law, state security law and other related laws and regulations, according to the MOC.

Global financial markets are experienced turbulence amid growing concerns on U.S.-China trade frictions.