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China to enact legal shield against foreign sanctions

China is developing new legal measures to counter foreign sanctions and protect its financial sector. Vice-Premier He Lifeng announced that upcoming legislation will include provisions for blocking and countermeasures against what China deems improper extraterritorial sanctions. This move aims to safeguard national sovereignty and development in response to geopolitical risks and what China views as unfair suppression. AI

RANK_REASON Significant policy announcement by a national government regarding international trade and sanctions. [lever_c_demoted from significant: ic=1 ai=0.1]

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China to enact legal shield against foreign sanctions

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Sylvia Ma,Emma Ma ·

    China vows new legal shield that could counter US sanctions and protect finance

    China has vowed to strengthen legal protections against unilateral sanctions, according to Vice-Premier He Lifeng, as Beijing moves to build a robust legal shield for its financial system and companies facing rising geopolitical risks. Addressing the Lujiazui Forum in Shanghai on…