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China's new law to deal with US sanctions

Many Chinese companies have been hit hard by US sanctions.

👤 Srimathi Sridharan13 Jan 2021 3:18 PM GMT
Chinas new law to deal with US sanctions
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Washington: US President Trump has imposed sanctions on Chinese companies, saying they pose a threat to US national security.

Many Chinese companies, including Huawei, a multinational telecommunications company, have been hit hard by US sanctions.In this situation, China's new law to deal with US sanctions

A statement from the Chinese Ministry of Commerce said, "The new law is intended to protect companies from enforcing unjustifiable foreign laws. Companies affected by foreign law under this Act may take legal action in the courts. And compensation for damages.