Soldiers of the People’s Liberation Army Guard of Honor perform the flag ceremony in Tiananmen Square on New Year’s Day on January 1, 2021 in Beijing, China.
Visual China Group | Getty Images
China’s Ministry of Commerce published new rules on Saturday to counter “unjustified” laws and restrictions imposed on Chinese businesses and citizens from abroad as economic relations between Beijing and Washington deteriorate.
The rules on “unjustified extraterritorial application of foreign law” were posted on the Department’s website and created a “working mechanism” to assess the legal implications of such incidents.
According to the notice, a Chinese person or organization restricted by foreign law to “normal economic, trade and related activities with a third state or its citizens” can report it to the Trade Department within 30 days.
The trade department will then review a case for possible violation of international law, impact on China’s sovereignty and national security, and impact on Chinese citizens.
When a citizen or other organization “suffers significant losses” from non-compliance with foreign law, “relevant government departments can provide the necessary support,” the notice said.
The Chinese government could also take “necessary countermeasures” in response.
The new rules come amid an ongoing backlash against various Chinese companies from foreign governments, most notably the United States.
Last year, citing national security concerns, Washington imposed restrictions on Huawei Technologies, a telecom and consumer hardware giant, which is robbing the company of critical components and threatening to paralyze its smartphone business.
Social media giants ByteDance have also been caught in the crosshairs of Washington when the Trump administration tried to force it to sell the US division of its popular app TikTok last fall.
The New York Stock Exchange said this week that it will scrap three Chinese telecom companies based on an order from US President Donald Trump in November, barring US individuals from investing in listed companies that Washington says are linked to the Chinese military.
The Trump administration is considering adding technology giants Alibaba and Tencent to a blacklist of companies allegedly owned or controlled by the Chinese military, two people familiar with the case said.