China hits back at foreign sanctions on Chinese companies

Jan 9, 2021 | INVESTING

China on Saturday issued a new order to prohibit firms from complying with foreign laws banning transactions with Chinese companies, effective immediately.The so-called Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures apply to circumstances that “improperly prohibit or restrict” Chinese individuals, companies, and institutions from conducting normal economic, trade, and related activities with parties from the third countries, according…

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