Could business be caught in the crossfire of China’s ‘legal battle with the West’?
Businesses in China could get caught in the crossfire as the national legislature presses ahead with a bill meant to bolster countermeasures against Western sanctions, according to analysts.
The draft anti-foreign sanctions legislation is a response to action by the United States and other countries over Beijing’s political crackdown in Hong Kong and its treatment of ethnic minority groups in Xinjiang. It is expected to pass on Thursday at the closing session of the National People’s Congress (NPC) Standing Committee.
Details of the legislation have not been made public but analysts said that while it might not do much to deter Western governments from sanctioning China over human rights concerns, it would provide a legal basis for Chinese countersanctions.
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