BEIJING: Chinese Premier Li Qiang has signed a State Council decree to unveil the regulation on implementing the anti-foreign sanctions law, comprising 22 articles, set to take effect on Monday, Xinhua News Agency reported on Monday. The document includes content in areas such as improved countermeasures, detailed procedures, and strengthened departmental coordination.
According to the regulation, China will enhance its countermeasures. It specifies the seizure, detention and freezing of “other types of assets,” “relevant transactions, cooperation and other activities” that are prohibited or restricted as well as “other necessary measures” stipulated in the anti-foreign sanctions law.
Article 6 (2) defines “other types of property” subject to seizure, detention, or freezing as including cash, negotiable instruments, bank deposits, securities, fund shares, equity, intellectual property, accounts receivable, and other property and property rights.
Article 6 (3) of the law specifies that “relevant transactions, cooperation, and other activities” prohibited or restricted include, but are not limited to, activities in the fields of education, science and technology, legal services, environmental protection, economy and trade, culture, tourism, health, and sports.
Article 6 (4) of the law defines “other necessary measures” as including, but not limited to: prohibiting or restricting import and export activities related to China; prohibiting or restricting investment within China; prohibiting exports of relevant items to them; prohibiting or restricting providing them with data or personal information; revoking or restricting their relevant personnel’s work permits, stay, or residence qualifications in China; and imposing fines.
The second aspect involves refining countermeasure procedures. It specifies that relevant departments under the State Council are authorized to conduct corresponding investigations and engage in external consultations during the implementation of countermeasures.
The third aspect involves strengthening coordination among various departments under the State Council, according to the regulation. The regulation mandates that relevant State Council departments shall undertake anti-foreign sanctions work according to their respective responsibilities and task allocations, while strengthening collaborative coordination and information sharing.
The fourth aspect says China will enhance the enforcement of countermeasures.
The provisions authorize relevant State Council departments to order corrective actions against entities that fail to implement countermeasures in accordance with the law.
Such entities may face prohibitions or restrictions on participating in government procurement, tendering and bidding activities, as well as import-export operations involving goods, technologies or international service trade. They may also be barred from receiving or transferring data and personal information across borders, and may face travel restrictions or limitations on their stay and residence in China.
Organizations and individuals subject to countermeasures may request suspension, modification, or cancellation of the imposed measures if they rectify their actions and mitigate the consequences, according to the regulation. –The Daily Mail-Global Times news exchange item
