China Drafts Bill to Provide More Tools in Counteracting Foreign Sanctions
A law designed to counteract foreign sanctions has been submitted to China's legislature for a second reading, China's state-run news agency Xinhua reported June 7. The draft was submitted to China's top legislative body, the Standing Committee of the 13th…
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National People's Congress. The law would strengthen China's “legal toolkit with focus on moves against sanctions and interference and countering long-arm jurisdiction to cope with challenges and risks,” the report said. It said the law responds to an uptick in Western sanctions used as “part of their pretexts to spread rumors on and smear, contain and suppress China.” China recently issued regulations for its unreliable entity list (see 2009210017) and an export control regime (see 2010190033). Former U.S. officials say more trade restrictions laws are likely on the way (see 2012170041)