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(March 8): Beijing pledged to speed up legislation aimed at countering US sanctions, as it seeks to narrow Washington’s advantages in disputes after the Trump administration levied waves of penalties against China.
Measures were announced by National People’s Congress Standing Committee Chairman Li Zhanshu as part of his annual report to the Chinese legislature Monday. “We will upgrade our legal tool kit for meeting challenges and guarding against risks in order to oppose foreign sanctions, interference and long-arm jurisdiction,” said Li, using language Beijing often employs to criticize American sanctions.
While the US and China traded several rounds of sanctions against each other’s officials and companies, Beijing’s measures have yet to be felt across the Pacific, due to the dollar’s dominance in international finance. By the time President Donald Trump left office, the US had sanctioned at least 45 Chinese officials over their role in policies involving Hong Kong
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China to Beef Up Legal Tool Kit; Hong Kong Patriots: NPC Update
Bloomberg 3/8/2021 Bloomberg News
(Bloomberg) Beijing pledged to speed up legislation aimed at countering U.S. sanctions, as it seeks to narrow Washington’s advantages in disputes after the Trump administration levied waves of penalties against China. Measures were announced by National People’s Congress Standing Committee Chairman Li Zhanshu as part of his annual report to the Chinese legislature Monday. “We will upgrade our legal tool kit for meeting challenges and guarding against risks in order to oppose foreign sanctions, interference and long-arm jurisdiction.”
Among other highlights on the fourth day of the NPC, Hong Kong Chief Executive Carrie Lam said she is unsure if upcoming legislative elections will be delayed again, as Chinese lawmakers work behind closed doors in Beijing to curb opposition candidates’ influence over future votes. The election overhaul announced Friday by
Chairman of National People’s Congress Standing Committee Li Zhanshu makes remark while delivering his work report during annual parliamentary session.