China's New Anti-Foreign Sanctions Law Regulation Unveiled

The regulation introduced by Chinese Premier Li Qiang represents a significant move in China's legal framework regarding foreign sanctions, with its enactment set for Monday. This decree encompasses 22 articles focused on enhancing countermeasures against foreign entities and specifying procedures that various State Council departments will follow to enforce these measures effectively.

Among the critical features of this new regulation is the expansive definition of “other types of property” that can be subject to actions like seizure, detention, or freezing. These properties include a wide range of financial instruments, cash, bank deposits, and even intellectual property. Additionally, the law highlights prohibited or restricted activities related to vital sectors such as education, healthcare, and trade, which could face stringent restrictions under the latest mandates.

The regulation goes further to outline procedural refinements aimed at facilitating effective implementation. It grants relevant State Council departments the power to investigate and consult externally, ensuring a thorough approach to the countermeasures. Strengthening inter-departmental coordination is also emphasized, with detailed responsibilities assigned to specific departments to promote better collaboration and information exchange.

Enforcement of the outlined countermeasures is set to be more stringent under this regulation. State Council departments will have the authority to take corrective actions against those entities that do not comply. Non-compliance may lead to restrictions on government contracts or participation in international trade, as well as possible travel limitations and bans on cross-border data transfer. Entities affected by these measures may appeal for their repeal or modification after demonstrating compliance with the law.