In the News: China Invokes 'Blocking Rules' to Circumvent US Sanctions for the First Time; China Issues Anti-Corruption Judicial Guidance; and US Law Prompts Chinese Divestments

China's "Blocking Rules" also apply to foreign companies in China. | China releases judicial guidance that targets corruption in both the private and public sectors. | JinkoSolar and AESC to sell controlling stakes of their U.S. operations in a bid to retain eligibility for federal tax credits threatened by the One Big Beautiful Bill Act.

By Jeffrey Tse

China Counteracts US Sanctions on ‘Teapot’ Oil Refineries

China has invoked a five-year-old law for the first time in response to U.S. sanctions on ‘teapot’ oil refineries.

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