Article 7 of the regulations allows the regime to openly seize foreign businesses’ intellectual property, said former Chinese rights lawyer Wu Shaoping.
News Analysis
The Chinese Communist Party (CCP) has announced new regulations in response to U.S. sanctions, which may accelerate foreign capital exodus, according to China experts.
On March 24, China’s State Council released the order, titled “Regulations for Implementing the Anti-Foreign Sanctions Law of the People’s Republic of China,” which provides specific enforcement measures for the law that was announced in June 2021.
Wu Shaoping, a U.S.-based rights lawyer originally from China, said that the so-called Anti-Foreign Sanctions Law and its regulations by the Chinese Communist regime are primarily aimed at countering various sanctions imposed by the United States.
“At present, on a global scale, only the United States has the capability and power to impose influence on other countries’ human rights violations, breaches of international rules, or violations of U.S. law and international law. The U.S. can use its relevant laws to exert influence, thereby maintaining a normal world order,” he told The Epoch Times. “Only the U.S. can impose international sanctions now. Even the European Union is weak.”
“The CCP itself is notorious for its severe wrongdoing, which is widely known. It is often affected by U.S. laws due to its violations of international law, including its domestic human rights abuses. The enactment of this law, in my opinion, is primarily aimed at the United States.”
David Huang, a U.S.-based economic researcher and commentator, believes that the new regulations are the CCP’s response to external pressures and challenges.
“This reflects Beijing’s attempt to use an internationally recognized approach to maintain its political and national sovereignty interests in the face of external sanctions pressure,” he told The Epoch Times.
Huang mentioned the seizure of Chinese-owned farmland in Missouri.
“This has accelerated [the introduction of] the ‘Regulations for Implementing the Anti-Foreign Sanctions Law,’” he said.
On March 7, the state of Missouri won a lawsuit in which it sought compensation from the CCP and several other entities for the COVID-19 pandemic. As part of its $24.5 billion compensation claim, Missouri said it will seize Chinese-owned farmland and other assets in the state.
“China, in light of the growing risks in international geopolitics in the future, has chosen to strengthen its legal tools to address potential challenges,” said Huang.
