Chinese firms may be able to hit back at foreign partners under new anti-sanctions law

//Chinese firms may be able to hit back at foreign partners under new anti-sanctions law

Chinese firms may be able to hit back at foreign partners under new anti-sanctions law

Tensions between China and the US may worsen with Beijing expected to pass a new law on Thursday that experts say will enable Chinese companies subject to Western sanctions to retaliate against foreign business partners in mainland courts.The anti-sanctions law – aimed at providing a legal basis to counter foreign sanctions – is expected to be passed by China’s top legislative body, the National People’s Congress Standing Committee, at its closing session on Thursday.It comes after the US…

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By | 2021-06-09T15:30:00+00:00 June 9th, 2021|Headlines|Comments Off on Chinese firms may be able to hit back at foreign partners under new anti-sanctions law