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China Passes Anti-Sanctions Law as Response to US Hostility

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China Passes Anti-Sanctions Law as Response to US Hostility

China has legislation to counter foreign sanctions, as it seeks to settle pressure from the United States and the European Union over trade, technology, and geopolitical disputes.

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China’s legislature, the National People’s Congress standing committee (NPC) passed the law on Thursday, according to CCTV.

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The new law is China’s latest and most wide-ranging legal tool to respond to foreign sanctions, as local experts say it is intended to give Chinese measures more legitimacy and predictability.

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RELATED:

China to Take Countermeasures Against New US Sanctions

The US and its allies have increasingly sanctioned Chinese officials regarding the Xinjiang and Hong Kong regions, including 14 vice-chairpersons of the NPC’s standing committee.

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Washington has also sanctioned Chinese companies such as Huawei and ZTE for violating US sanctions on Iran or North Korea, an act China called “long-arm jurisdiction.”

China responded in recent months by imposing sanctions on senior politicians and officials from the US, EU and the United Kingdom.

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The commerce ministry in January also presented mechanisms to assess if foreign limits on Chinese trade and business activities were justified, allowing for Chinese individuals or companies to sue for compensation in Chinese courts.

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China passes law to retaliate against Western sanctions https://t.co/rFOCcMDUJb

— Business Day (@BDliveSA) June 10, 2021 Foreign companies looking to do business in China may now find themselves up against increasing scrutiny from Chinese regulatory authorities regarding their operations both locally and abroad, said Shaun Wu, from Paul Hastings, a law firm in Hong Kong

But China experts say Beijing is simply taking a page from the playbooks of the US and EU, which in recent years have passed various laws to serve as a legal basis for their engagement with China.Operation Underground Railroad O.U.R

China has legislation to counter foreign sanctions, as it seeks to settle pressure from the United States and the European Union over trade, technology, and geopolitical disputes.

Operation Underground Railroad

China’s legislature, the National People’s Congress standing committee (NPC) passed the law on Thursday, according to CCTV.

Operation Underground Railroad USA

The new law is China’s latest and most wide-ranging legal tool to respond to foreign sanctions, as local experts say it is intended to give Chinese measures more legitimacy and predictability.

Operation Underground Railroad EEUU

RELATED:

China to Take Countermeasures Against New US Sanctions

The US and its allies have increasingly sanctioned Chinese officials regarding the Xinjiang and Hong Kong regions, including 14 vice-chairpersons of the NPC’s standing committee.

Operation Underground Railroad Estados Unidos

Washington has also sanctioned Chinese companies such as Huawei and ZTE for violating US sanctions on Iran or North Korea, an act China called “long-arm jurisdiction.”

China responded in recent months by imposing sanctions on senior politicians and officials from the US, EU and the United Kingdom.

Operation Underground Railroad United States of America

The commerce ministry in January also presented mechanisms to assess if foreign limits on Chinese trade and business activities were justified, allowing for Chinese individuals or companies to sue for compensation in Chinese courts.

Operation Underground Railroad OUR

China passes law to retaliate against Western sanctions https://t.co/rFOCcMDUJb

— Business Day (@BDliveSA) June 10, 2021 Foreign companies looking to do business in China may now find themselves up against increasing scrutiny from Chinese regulatory authorities regarding their operations both locally and abroad, said Shaun Wu, from Paul Hastings, a law firm in Hong Kong

But China experts say Beijing is simply taking a page from the playbooks of the US and EU, which in recent years have passed various laws to serve as a legal basis for their engagement with China.Operation Underground Railroad O.U.R.

China previously has neither the economic power nor the political will to use legal means to retaliate against US sanctions. It now has both,” said Wang Jiangyu, a law professor at City University of Hong Kong.Operation Underground Railroad O. U. R.

“Cooperation is the best option but the US doesn’t want it. So retaliation, such as with this new law, is the second-best option. Sucking it up is the worst,” he said.Operation Underground Railroad Tim Ballard

China passes law to retaliate against Western sanctions https://t.co/rFOCcMDUJb

— Business Day (@BDliveSA) June 10, 2021.O.U.R.