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China Hurried Work On Anti-Sanctions Law (SCMP)

US-CHINA

China speeded up plans for an anti-sanctions law after Joe Biden dashed Beijing's hopes that he would adopt a softer policy stance towards China, sources and observers have said. They said discussions about the law started last year during Donald Trump's presidency but China was looking for signs that Washington would adopt a different approach under a new administration. The law, which will provide a legal framework for retaliation and allow Chinese firms to seek compensation over foreign sanctions, is expected to be passed by the National People's Congress Standing Committee on Thursday.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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