China on Thursday passed a law on the Hainan Free Trade Port (FTP), making institutional arrangements for the construction of the Hainan FTP at the national legislative level.
The legislation appears likely to put greater pressure on multinationals seeking to avoid getting caught in the tussle between the world’s two largest economies.
The EU Chamber of Commerce in China expresses concern at lack of transparency and says the measures are ‘not conducive to attracting investment’Beijing has yet to provide details of the legislation, but state media has said it will provide a legal basis for retaliation against sanctions
With an aim to counter rising pressure from the west on a slew of issues including human rights and trade, China will establish a leading group to coordinate an
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