China brings in new law to fight Trump’s sanctions
By Justin Harper
Business reporter, BBC News
Publishedduration50 minutes agoshareSharenocloseShare pagelinkCopy linkAbout sharingimage copyrightGetty Images
China is pushing back against a flurry of US sanctions with new rules that protect its firms from "unjustified" foreign laws".
Changes announced over the weekend allow Chinese courts to punish companies that comply with such restrictions.
US President Donald Trump has continued to target Chinese companies he believes are a threat to US national security.
Measures include punishing companies that supply parts to blacklisted firms.
- Trump bans Alipay and seven other Chinese apps
- NYSE does a U-turn on Chinese telecoms delistings
- US telcos to 'rip and replace' Huawei components
On Monday, three large Chinese telecoms firms listed on the New York Stock Exchange (NYSE) are expected to see their shares delisted based on alleged ties with its military.
The NYSE is removing China Mobile, China Telecom and China Unicom Hong Kong, based on an executive order signed by Mr Trump in November.
The delistings follow a raft of actions against Chinese firms in recent months including TikTok, Huawei and microchip maker Semiconductor Manufacturing International Corporation (SMIC).
Last week, Mr Trump signed an executive order banning transactions with eight Chinese apps including popular payments platform Alipay, as well as WeChat Pay.
The US president claims such tech companies share data with the Chinese government – allegations they have denied.
In a statement on Saturday, China's Ministry of Commerce introduced the new rules on "counteracting unjustified extra-territorial application" of foreign laws.
"Legal persons that are hurt by the application of foreign legislation can issue legal proceedings in court and claim compensation for the damage done," said Bert Hofman, director of the East Asian Institute at the National University of Singapore. "The government can also take other countermeasures."