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China to counter ‘unjustified’ foreign trade and business laws – Fox Business

SHANGHAI – China’s Ministry of Commerce on Saturday published new rules for countering “unjustified” laws and restrictions imposed by foreign countries on Chinese companies and citizens, as economic relations between Beijing and Washington deteriorate.

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The rules on “unjustified extra-territorial application of foreign legislation” were posted on department’s website and established a “working mechanism” to assess the legal implications of such incidents.

According to the notice, a Chinese person or organisation that is restricted by foreign legislation from “engaging in normal economic, trade and related activity with a third State or its citizens,” may report it to the commerce department within 30 days.

Chinese President Xi Jinping speaks during the annual Central Economic Work Conference in Beijing. (Huang Jingwen/Xinhua via AP) (AP)

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The commerce department will then assess a case for its potential violation of international law, impact on China’s sovereignty and national security, and impact on Chinese citizens.

When a citizen or other organisation “suffers significant losses” from non-compliance with foreign legislation, “relevant government departments may provide necessary support”, the notice says.

The Chinese government might also enact “necessary counter-measures” in response.

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