China is planning to introduce a new law that protects its firms from foreign sanctions, state media reported Monday, as it looks to build its defences against rising US pressure. The country’s legislature debated a draft law on opposing foreign sanctions, state television reported without offering further details.
Only last week Beijing accused the United States of “suppressing” Chinese firms and issued veiled threats of retaliation after President Joe Biden expanded a blacklist of companies Americans are barred from investing in. Both Biden and his predecessor Donald Trump have targeted businesses in China seen as a threat to US national security due to their links to Beijing’s military apparatus. Read More…
