New CCP Laws Countering US Sanctions May Accelerate Foreign Capital Exodus: Experts

Contact Your Elected Officials
The Epoch Times Header

Article 7 of the regulations allows the regime to openly seize foreign businessesโ€™ 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, Chinaโ€™s State Council released the order, titled โ€œRegulations for Implementing the Anti-Foreign Sanctions Law of the Peopleโ€™s Republic of China,โ€ 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.

โ€œAt present, on a global scale, only the United States has the capability and power to impose influence on other countriesโ€™ 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,โ€ he told The Epoch Times. โ€œOnly the U.S. can impose international sanctions now. Even the European Union is weak.โ€

โ€œThe 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.โ€

David Huang, a U.S.-based economic researcher and commentator, believes that the new regulations are the CCPโ€™s response to external pressures and challenges.

โ€œThis reflects Beijingโ€™s attempt to use an internationally recognized approach to maintain its political and national sovereignty interests in the face of external sanctions pressure,โ€ he told The Epoch Times.

Huang mentioned the seizure of Chinese-owned farmland in Missouri.

โ€œThis has accelerated [the introduction of] the โ€˜Regulations for Implementing the Anti-Foreign Sanctions Law,โ€™โ€ 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.

โ€œChina, in light of the growing risks in international geopolitics in the future, has chosen to strengthen its legal tools to address potential challenges,โ€ said Huang.

Byย Wen Cheng,ย Yi Ruย andย Cindy Li

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Is Epstein Still Alive?

They told us Epstein was dead. They showed us a cell, a bed sheet, a broken hyoid bone, but what followed wasn't justice it was the biggest cover up since 9/11.

Somali Minneapolis Mayoral Candidate Condemns White โ€˜Domestic Terrorists,โ€™ Demands $400 Million For โ€˜Anti-Racismโ€™

Soon-to-be democratic socialist mayor of Minneapolis, Omar Fetah, in 2021 demanded $400 million from taxpayers to invest in โ€œanti-racismโ€ measures.

Seventy-one, But Iโ€™m Still Not Done, LEARNING!

My favorite activities in life are thinking (learning) and laughing and it's been found that a โ€œsense of humorโ€ is a sign of higher intelligence.

Good Night And Good Riddance To The Late Show

Shocking announcement that The Late Showย with Stephen Colbert will officially cease production rocked the Democratic Party, as Colbert is a staunch supporter.

Coldplay Concert Offers Us Garden of Eden Moment

Adultery is still illegal in 10 states. It was illegal in 15 states just 30 years ago. There was a time when adultery was a crime in all 50 states!

School Districts Sue Trump Admin Over $6.8 Billion Funding Freeze

School Districts Sue Trump Admin saying freeze is illegal, while the admin says some grants had been designated for left-wing causes and ideological programs.

Court Blocks Mississippi From Enforcing DEI Ban in Schools

A federal court temporarily blocked Mississippi from enforcing a law against diversity, equity, and inclusion (DEI) practices in educational institutions.

Robin Williamsโ€™s Eldest Son Remembers the Late Actor on His 74th Birthday: โ€˜Love You Foreverโ€™

Zak Williams, the son of late actor Robin Williams, penned a touching tribute to his father on Monday, celebrating what would have been his 74th birthday.

Pentagon Pulling 700 Marines Off LA Protest Response Mission

The Pentagon is continuing to wind down troop deployment to LA, withdrawing around 700 U.S. Marines who deployed last month in response to civil unrest.

US Reaches Trade Deals With Indonesia, Philippines

President Trump announced the US has reached a trade agreement with the Philippines that includes a 19% tariff on goods imported from Southeast Asian country.

Bessent Calls for Internal Review of Federal Reserveโ€™s Nonmonetary Policy Operations

U.S. Treasury Secretary Scott Bessent on Monday called for an internal review of the Federal Reserveโ€™s nonmonetary policy operations.

Trump Orders US Exit From UNESCO, Reversing Biden-Era Reentry

US will withdraw from UNESCO by end of 2026 citing ideological differences, an anti-Israel bias and โ€œglobalistโ€ agenda out of step with U.S. foreign policy.

Philippine President Marcos to Meet With Trump for Trade Talks

Philippine President Ferdinand Marcos Jr. will meet with President Trump at the White House on Tuesday for bilateral talks focused on security and trade.
spot_img

Related Articles