After a year in which the Trump administration managed to put the brakes on the Chinese Communist Party’s subjugation of the world economy, implementing new rules, sanctions, and limitations, especially on large companies linked to the army and intelligence of the Chinese Communist Party (CCP), now the CCP intends to counterattack by launching threats against “any country” that imposes restrictions on its companies spread throughout the world.
The CCP’s Ministry of Commerce announced Saturday, Jan. 9 that new rules on the “unjustified extraterritorial application of foreign laws” will take effect immediately. In its announcement, the CCP is urging companies not to comply with foreign laws prohibiting transactions with Chinese companies and individuals, effective immediately, according to Fox News.
The order issued by the CCP is the latest in a series of efforts to counter the impact of the Trump administration’s imposed trade sanctions to curb the CCP’s economic subjugation worldwide. One of the actions that the Chinese economy has suffered the most from is the Beijing Unreliable Entity List published in 2019.
At the same time, the United States this week threatened new sanctions against Hong Kong and mainland China for the arrest of more than 50 opposition politicians using the controversial national security law imposed on Hong Kong by the CCP, according to the South China Morning Post. This surely ended up provoking the wrath of the communist regime.
According to the notice issued by the Chinese Commerce Department, any Chinese person or organization that is restricted by foreign law from “engaging in economic, commercial and related activities with a third state or its citizens” can report it to the commerce department within 30 days.
After receiving the complaint, the authorities will evaluate each case to “implement the necessary actions and/or sanctions.”
The statement speaks of taking “countermeasures” against the government that affect the interests of Chinese companies, but without specifying what it refers to or what its scope would be. This makes it a new and typical empty threat without argument from the CCP, which only serves to further hinder trade relations.
Beyond the anger of the CCP by the measures taken by the U.S. government, the truth is that the United States continues to be a key market from different aspects for the Chinese economy. For this reason, it would not be easy for the United States to impose sanctions or restrictions, as the US reports in its constant threats.
It should be noted that the new statement from the Department of Commerce indicates that individuals or organizations would now be required to report to the CCP on any external impact on their interests. This forces them to “take sides” in the matter.
The CCP is also now speculating on the possible assumption of Joe Biden as president, which is believed to bring about a major shift in relations between the two powers to the detriment of the U.S. economy and in favor of the globalist interests of communism.