China Implements New Regulations to Enhance Countermeasures Against Foreign Sanctions
China has implemented new countermeasures to foreign sanctions, reinforcing the 2021 anti-foreign sanctions law. The regulations allow the government to blacklist individuals and entities, impose restrictions across various sectors, and detail enforcement steps, reflecting a robust response to international trade challenges.
On Monday, Chinese Premier Li Qiang announced the implementation of new rules designed to bolster China’s countermeasures against foreign sanctions. These regulations reaffirm the anti-foreign sanctions law enacted in 2021, which allows the Chinese government to designate individuals or entities advocating discriminatory measures against Chinese citizens or organizations on an anti-sanctions list.
Individuals or entities included on this list may face various restrictions, including denial of entry into China, expulsion, asset seizure or freezing, and barriers to doing business with Chinese entities. The newly established regulations extend to several sectors, such as education, technology, legal services, environmental protection, economy and trade, culture, tourism, health, and sports.
The legislation outlines specific enforcement measures the Chinese government can employ, including the potential prohibition or restriction of certain individuals and organizations from engaging in the import and export of relevant goods and technologies. In the context of ongoing trade tensions, these countermeasures prove vital, especially as China faces significant barriers from major Western markets.
Recent actions from the United States, including tariffs on Chinese goods implemented by former President Donald Trump, have prompted China to execute counter-tariffs and impose export restrictions, particularly on critical resources like rare earths. This anti-foreign sanctions law serves as a strategic tool for China to challenge perceived infringements by foreign governments on its development rights.
In summary, the Chinese government has instituted new rules to strengthen its responses to foreign sanctions, emphasizing stringent consequences for those deemed to discriminate against China. This initiative, rooted in the 2021 anti-foreign sanctions law, aims to protect China’s interests amid increasing trade tensions, particularly with Western nations. The outlined enforcement measures illustrate China’s commitment to safeguarding its developmental autonomy against external pressures.
Original Source: www.usnews.com
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