China Passes New Law to Counter Foreign Sanctions | Perkins Coie

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The Law of the People’s Republic of China on Countering Foreign Sanctions (Anti-Sanctions Law) was passed by the Standing Committee of the 13th National People’s Congress on June 10, 2021. President Xi Jinping signed a presidential order to allow the new law to go into effect that day. This law is a mere fifteen provisions, but it complements the so-called “Unreliable Entity” list and related rules adopted by the Ministry of Commerce (MOFCOM) in September 2020 and MOFCOM’s extraterritorial blocking rules adopted in January 2021.
Chinese academics and state media have described the Anti-Sanctions Law as a timely addition to Beijing’s legal tool kit for resisting Western coercion, by establishing mechanisms for retaliating against foreign sanctions and mitigating their impact on Chinese entities and individuals. However, to address the concerns of the foreign business community, Foreign Ministry spokesman Wang Wenbin emphasized that “China always welcomes and supports foreign companies doing business and pursuing cooperation in China and protects their rights and interests in accordance with law.”

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