China adopts rules to counter “unwarranted” foreign laws

0
32


BEIJING – China on Saturday introduced new rules to counter “unwarranted” laws and measures other countries may apply to its businesses and citizens, as tensions with the United States escalate.
The rules are aimed at “protecting the rights and legitimate interests” of Chinese people and businesses, and safeguarding the country’s interests, the Commerce Ministry said.

China’s move comes as its companies face increasing pressure abroad, particularly from the United States, which has placed restrictions on telecommunications giant Huawei, blocking its access to vital American components.

US President Donald Trump also issued an order last November banning Americans from investing in Chinese companies known to supply or support the Asian country’s military.

This month, he signed another transaction ban order involving several apps related to Chinese companies.

The latest Chinese rules call for the establishment of a working mechanism to counter “unjustified extraterritorial application of foreign laws and measures”.

Citizens or organizations must submit reports to authorities within 30 days when faced with restrictions by foreign rules that prevent them from engaging in “normal economic, trade and related activities”.

If China’s task force confirms that there are “unwarranted” measures, it may impose a prohibition order denying the application of those foreign laws.

Departments can also support individuals or businesses that suffer significant losses due to non-compliance with foreign rules.

The Commerce Ministry added that the Chinese government could also take “necessary countermeasures” against these foreign laws.

If a citizen or business does not submit a truthful report or comply with a restraining order, they could receive a warning or be fined, according to the rules, which take effect on Saturday.

A rules report from the state-run tabloid, Global Times, said it was “a new initiative to carry out the country’s self-defense against particularly American intimidation of China.”

© Agence France-Presse

LEAVE A REPLY

Please enter your comment!
Please enter your name here