China Reviews Trade Law Update as Tariff Barriers Rise
China's top legislative body on Monday began reviewing the first revision in more than two decades of the country's foreign trade law, as Beijing seeks to give legal backing to countermeasures it can take in a trade conflict.
The revision would strengthen China's trade countermeasures, allowing trade bans or restrictions on foreign individuals or organisations deemed a danger to China's sovereignty or security, the official Xinhua news agency reported.
The draft also outlines the establishment of a "trade adjustment assistance" system and measures to stabilise supply chains...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.