China Strengthens Anti-Foreign Sanctions Measures

Chinese Premier Li Qiang has mandated new rules to enforce China's anti-foreign sanctions law, initially passed in 2021. The regulations outline sectors where foreign entities may face restrictions and detail steps the Chinese government can take, including entry bans and asset freezes, aimed at countering foreign discriminatory measures.

In a significant move to bolster its stance against foreign sanctions, Chinese Premier Li Qiang has signed an order to implement revised rules under China's anti-foreign sanctions law. The law, passed in 2021, allows Beijing to penalize individuals and entities responsible for implementing measures deemed discriminatory against Chinese citizens or entities.

The updated regulations meticulously outline the sectors from which foreign actors might be barred, including the fields of education, science and technology, legal services, environmental protection, economy and trade, and more. The Chinese authorities have the leverage to impose penalties such as travel bans, asset seizures, and restrictions on business engagement within Chinese borders.

In recent years, in response to trade and investment restrictions from Western nations, China has employed retaliatory tariffs and export curbs on critical resources. As tensions remain, these newly detailed rules under the anti-foreign sanctions law are seen as a strategic tool for China to assert its developmental rights against external pressures.

(With inputs from agencies.)