WSJ: China prepares legal tools for possible Western sanctions
The Chinese parliament is currently proposing a law that grants authorities the right to file civil lawsuits against foreign companies and individuals who harm the country's interests. This is part of Beijing's mechanisms to counter external economic sanctions. The law does not precisely define the actions considered harmful, but it is expected to build upon existing legislation that allows citizens and companies to seek compensation for losses caused by sanctions. There's also a possibility of imposing sanctions or preventing foreigners from leaving China if they do not comply. This move comes amid economic tensions with the West, especially following increased challenges faced by European and Chinese companies in the automotive market, as well as trade disputes with the European Union and the United States.
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