Foreign companies and individuals face new sanctions in China under the Anti-Foreign Sanctions Law. The new guidelines order foreign nationals, regardless of their citizenship status, to oblige by Beijing government laws rather than foreign laws.
For instance, if US companies decide to follow American laws, rather than China’s, they will face penalties. Failing to follow the laws will result in a denial or retraction of visas, seizure of property and assets, and the prohibition of economic engagement. The new sanctions are supposedly in retaliation to Western sanctions imposed on China.
The Global Times explains the law as “… a comprehensive legal basis for blocking illegal foreign sanctions and preventing Chinese individuals and entities from suffering the damage resulting from such illegal sanctions. The new law will also offer sufficient legal foundation for taking an equal position with the West by imposing necessary countermeasures.” The Anti-Foreign Sanctions Law is broadly written to control the economic happenings in China while targeting international entities.
“The law signals that when you have no standing or power to boss people around, then your law in the U.S. will get you nowhere in China,” Wei Jianguo, a former commerce vice minister, told NPR, “This law is like the ringing of a gong. It is a warning to the U.S.: You should be worried. China will not endure this treatment as easily as it once did.”
ARTICLE: ANTOINETTE AHO
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: THE EPOCH TIMES
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