søndag 11. juli 2021

What to Expect From China’s New Anti-Sanctions Law

Following Western sanctions directed against it regarding alleged human rights issues, China unveiled its new anti-sanctions legislation on July 10 to much pomp and circumstance. The international community was quick to notice the promulgation, with widespread speculationensuing that this could greatly damage the business environment for multinational corporations and other entities that have a large market presence within China. Domestically, the news was met with the support of several media outlets, portraying the bill’s passage as an indication that China would no longer allow this type of Western economic bullying to continue unabated.

Although this particular Chinese law has garnered lots of media attention, such measures blocking foreign sanctions are far from unprecedented.