Tag: frozen assets

China’s Anti-Foreign Sanctions Law: Far reaching and vague

China’s recent Anti-Foreign Sanctions Law, was enacted very quickly, 2021 June 06, in expectation to punish governments, companies, families and people from other countries that put sanctions on China, and freeze all assets of their foreign companies.

As with most other Chinese laws, this law is far reaching and vague. For any country that implements sanctions against China (adopt discriminatory restrictive measures against Chinese citizens and organizations, and interfere in my country’s internal affairs), their companies, all the people who work in those companies and their families, directly or indirectly involved, can be charged and expelled from China, with all visas cancelled. All assets within China can be frozen, all transactions prohibited, and “Other necessary measures”. All people of China cannot help implement any sanctions and are commanded by law to resist all sanctions.