Business Standard

Sunday, December 22, 2024 | 11:28 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Explained: Is China's new anti-foreign sanctions law an eye for an eye?

Blacklisted individuals could find their relatives, and the organisations of which they are senior managers or have control over placed on the list.

New foreign investment is on track to set another record in 2020, hitting 94% of last year’s total by the end of November
Premium

Representative image

Yew Lun Tian | Reuters Beijing
China passed a wide-ranging law to counter foreign sanctions on Thursday, in an apparent move to legalise its tit-for-tat retaliation against punitive actions taken by foreign countries over issues from human rights to Hong Kong. The law, effective immediately, builds upon previous administrative counter-measures against foreign sanctions issued by the Chinese foreign and commerce ministries. It also lays out the scope of China's counter-sanctions.
 
Who’s the target?
 
Individuals or entities involved in the making or implementation of discriminatory measures against Chinese citizens, or interfering with China’s internal affairs could be put onto a blacklist. Blacklisted individuals could find

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in