In the News: Sanction Proof-Contracts Expected for Chinese Shipping Firms; US States Attempt to Restrict Chinese Ownership of Land; and China Embraces Blockchain Technology Despite Cryptocurrency Ban

May 24, 2023 | BY

Clarence Lee

Shipping firms are demanding their Chinese counterparts include break clauses in contracts over concerns about sanctions; Florida and Montana have introduced laws restricting Chinese nationals from owning land; and China is investing in training and research of blockchain technology despite its harsh cryptocurrency crackdown;.

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Sanction-proof Contracts Expected For Chinese Shipping Firms

An increasing number of global shipping firms are asking their Chinese counterparts to include break clauses in contracts in case the