China Pushes Back Against U.S. Sanctions With New Rules
- Rules mean government can prohibit application of foreign laws
- Companies, citizens can sue for compensation in Chinese courts
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China continued its pushback against U.S. sanctions, issuing new rules to protect its firms from “unjustified” foreign laws and allowing Chinese courts to punish global companies for complying with foreign restrictions.
The rules on “counteracting unjustified extra-territorial application” of foreign laws allow Chinese authorities to issue orders saying that companies or people in China don’t need to comply with foreign restrictions, the Ministry of Commerce said in a statement Saturday.