What To Expect From China’s New Anti-Sanctions Law
July 10, 2021
Following Western sanctions directed against it regarding alleged human rights issues, China unveiled its new anti-sanctions legislation on July 10. The international community was quick to notice the promulgation, with widespread speculation ensuing 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.
In the face of this increasingly hostility, China determined it was not in its own best interest to sit idly by and watch as future and more far-reaching sanctions are already being debated. Rather, it seems the anti-sanctions law provides a new option in China’s toolkit for responding to foreign sanctions.
In short, the law is vague enough to allow China maximum flexibility in implementation.
Edited by：【Himalaya London Club UK】