China enacts new powers to investigate and seize foreign firm assets

8 articles · Updated · Reuters · Apr 26

Premier Li Qiang signed two regulations in April granting Chinese authorities authority to target foreign firms, governments, and individuals accused of supply chain violations or extraterritorial actions.
The rules, effective immediately, enable asset seizure, travel bans, and expulsion, and were introduced amid heightened US-China trade tensions and US threats to sanction buyers of Iranian oil.
China's measures expand its economic pressure toolkit, targeting foreign supply chain shifts and technology exports, and signal a shift toward broader, proactive leverage as the US pursues its own export controls and trade probes.

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