January 12, 2021

Asia

CHINA: Rules to counteract foreign sanctions are mostly symbolic

BY Gabriel Wildau

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( 4 mins) New Commerce Ministry rules allow regulators to prohibit the application of foreign sanctions inside China. But Beijing will remain reluctant to scapegoat foreign business in retaliation for government action, given the desire to resist supply-chain decoupling. The rules enlarge Beijing’s toolkit for economic coercion but do not signal a change in the basic calculus that […]

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