Chinese language lawmakers move US sanctions regulation

© Reuters. Chinese lawmakers pass US sanctions law

(Bloomberg) – Leading Chinese lawmakers have passed law designed to give the country more tools to fight back in its growing rivalry against the US

The law was passed by the Standing Committee of the National People's Congress on Thursday, state broadcaster China Central Television said.

China is keen to find new ways to resort to the US and other Western countries in the face of tensions on a number of issues. Li Zhanshu, chairman of China's Supreme Legislature, said in a March report the nation will "upgrade our challenge and risk management tools to face foreign sanctions, interference and long-armed jurisdiction."

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