Posted on: June 11, 2021 Posted by: Betty Lee Comments: 0

China handed a regulation to counter overseas sanctions on Thursday, responding to rising strain from the USA and the European Union on commerce and human rights.

Beijing has accused the US of “cracking down” on Chinese language corporations and threatened retaliation after US President Joe Biden final week expanded a blacklist of overseas corporations wherein Individuals are barred from investing within the title of nationwide safety.

The countermeasures within the Chinese language regulation embody “denial of visas, entry or expulsion… and sealing up, seizing and freezing property of individuals or enterprises that adhere to overseas sanctions in opposition to Chinese language enterprises or officers,” in response to the textual content issued by the Standing Committee of the Nationwide Individuals”s Congress, China’s high legislative physique.

The restrictions may additionally apply to members of the family of individuals in bother with Beijing.

Beijing has lengthy complained in regards to the extra-territorial utility of US regulation by means of sanctions and commerce restrictions.

In latest months, Biden has stepped up US criticism of China, each over mental property theft and alleged human rights abuses in Hong Kong and in opposition to Muslim minorities in Xinjiang.

The blacklist expanded by the White Home final week contains 59 Chinese language corporations accused of supporting Beijing’s navy actions, up from 31.

They embody the main telecoms firm China Cellular, the video surveillance firm Hikvision and the Chinese language oil firm CNOOC.

China’s Anti-Overseas Sanctions Legislation additionally permits the nation’s courts to punish corporations for complying with overseas legal guidelines that infringe on nationwide pursuits, thus placing multinationals that adjust to US sanctions in danger.

As well as, the regulation states that corporations or people in China don’t must adjust to overseas restrictions.

Supply hyperlink

Leave a Comment