Will China’s Anti-Sanctions Law pin the US?

    China on earlier at the BRICS summit had said that BRICS countries pursue openness, inclusiveness and win-win cooperation, and reject “bloc politics and ideological confrontation”.

    Meanwhile The new Chinese Anti-Sanctions law to blunt US sanctions will not lead the US to reverse course on sanctions, but it could force foreign firms to think twice about enforcing them or face lawsuits in China

    New legislation passed in China and the US could further entrench moves towards long-term technological decoupling, experts say, In a report published recently.

    The new anti-sanction law, passed by China’s top legislative body on June 10, provides legal backing for sweeping retaliation against any individuals, their families and organisations responsible for enforcing foreign sanctions. It came two days after the US Senate passed the landmark Innovation and Competition Act, which identifies China as a key rival to US technological dominance.

    During the BRICS countries meet, Chinese Minister had expressed as emerging markets and developing countries, are indeed different from a few developed countries in their attitude towards multilateralism and multilateral cooperation, Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing here.

    He was replying to a question on why the recent BRICS, (Brazil, Russia, India, China, South Africa) Foreign Ministers meeting released an extra statement on multilateralism and whether there are any differences between BRICS attitude towards multilateralism and multilateral cooperation and the general understanding of the international community, especially the proposition of developed countries.

    External Affairs Minister S Jaishankar hosted a virtual meeting of the BRICS Foreign Ministers via video link on June 1.

    The meeting was attended by Chinese Foreign Minister Wang Yi, Russian Foreign Minister Sergey Lavrov, Minister of International Relations of South Africa Grace Naledi Mandisa Pandor and Brazilian Foreign Minister Carlos Alberto Franco.


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