China to Counter ‘Unjustified’ Foreign Trade and Business Laws

SHANGHAI (Reuters) – China’s Ministry of Commerce on Saturday published new rules for countering “unjustified” laws and restrictions imposed by foreign countries on Chinese companies and citizens, as economic relations between Beijing and Washington deteriorate.

The rules on “unjustified extra-territorial application of foreign legislation” were posted on department’s website and established a “working mechanism” to assess the legal implications of such incidents.

According to the notice, a Chinese person or organisation that is restricted by foreign legislation from “engaging in normal economic, trade and related activity with a third State or its citizens,” may report it to the commerce department within 30 days. Read more…..


Chart of the Day

Icarus TV

In this video we dive deep into Warren Buffett’s portfolio in 2021. What stocks does the great investor Warren Buffett own in these current market conditions, let’s find out!

Share This Post

Leave a Reply