Beijing ● Fri, June 11 2021
China passed a law on Thursday to counter foreign sanctions, as it strives to diffuse United States and European Union pressure over trade, technology, Hong Kong and Xinjiang.
The new law is China’s latest and most wide-ranging legal tool to retaliate against foreign sanctions and is intended to give Chinese retaliatory measures more legitimacy and predictability, according to local experts.
Foreign companies, however, worry about the dampening impact it might have on foreign investment.
China’s top legislature, the National People’s Congress standing committee (NPC) passed the law on Thursday, according to state television CCTV. But details of its contents have not yet been released.
All 14 vice-chairpersons of the committee are under US sanctions for passing the National Security Law last year that critics say has crippled politica…
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