In the News: Anti-Sanctions Law; Data Security Law; Shenzhen Finance Opening-Up

June 15, 2021 | BY

Vincent Chow

NPC adopts anti-foreign sanctions law in response to U.S., European restrictions; NPC adopts data security law with significantly increased penalties for illegal cross-border data transfer; and Shenzhen five-year plan promises greater financial services opening-up

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NPC adopts anti-foreign sanctions law to counter "discriminatory measures"

China has enacted a new law to counter foreign sanctions, most notably U.S. and European measures from export controls to technology restrictions. On June 10, the National People's Congress adopted