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China’s anti-sanctions lawi

Latest news and updates on China’s new anti-sanctions law, which provides a legal framework for retaliation and allows Chinese firms to seek compensation over foreign sanctions.

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  • Wang Yi calls for end to unilateral sanctions that ‘constrain economic development of other nations’
  • Regional security cannot be guaranteed by strengthening, or even expanding, military blocs, he says
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Chinese companies could find themselves subject to huge fines and penalties for breach of sanctions if they work with targeted entities.

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Wider law enforcement and judicial cooperation in bilateral and multilateral ties are important for national security, Chinese president tells Politburo.

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Law passed by National People’s Congress Standing Committee can apply to individuals, their relatives and organisations, Hong Kong delegate Tam Yiu-chung says.

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The EU Chamber of Commerce in China expresses concern at lack of transparency and says the measures are ‘not conducive to attracting investment’.

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Chief Executive Carrie Lam accuses Western countries of violating international norms with their own sanctions, saying new law will give foreign governments ‘a taste of their own medicine’.

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