China passes new laws in response to foreign sanctions

The standoff continues between China and Western countries. The Beijing regime has just promulgated laws prohibiting people from complying with foreign sanctions against China. The new laws were passed as the United States and the European Union continue to ban companies from working with Chinese companies due to human rights, military and technology concerns.

The adoption of the new legislation paradoxically means that multinationals present in China must now comply with Chinese sanctions as well as those imposed by Western countries … a real headache in perspective for these companies. Especially since the new laws give Beijing the power to target companies involved in the implementation of foreign sanctions by seizing their assets, banning or restricting transactions, and denying or canceling visas.

The ban also extends to employees of companies, and even to the spouses and immediate family members of some people on the “counter-check” list, newly created under these laws. On the same day, Chinese lawmakers also passed new data security laws, which tighten government control over digital information.

Beijing is raising the tone

Although the full text of the newly adopted laws has not yet been published, these laws will provide a general framework for future rules relating to internet services, in particular with regard to how certain types of data are to be stored and processed locally. .

Since the start of the year, Beijing has taken tough action against tech companies, leading to the imposition of a $ 2.7 billion fine on Alibaba, transformation of Ant Group into a financial holding company overseen by the Chinese central bank as part of efforts to allay regulators’ concerns, and to the indictment of the publishers of 33 mobile apps for providing more user data than they deemed necessary .

In March, China’s internet regulator, the Cyberspace Administration of China (CAC), also issued regulations prohibiting mobile app developers from refusing to offer basic services to consumers who do not want to provide personal data unnecessary for the provision of these services.

Source: .com

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