China urged to safeguard overseas interests as sanctions hinder investments
China must bolster efforts to safeguard its fast expanding overseas interests and make supply chains resilient to fight against sanctions and long-arm jurisdiction, a top Communist Party publication has urged.
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“China must enhance foreign-related national security mechanisms, further strengthen the rule of law in foreign-related matters, and safeguard the security of overseas interests,” said the Study Times, the official publication of the Central Party School, the Communist Party’s top ideological training centre.
The world’s second-largest economy is bracing for fresh economic and investment frictions on top of a protracted trade war with the United States, with measures targeting its solar panels, electric vehicles, steel, aluminium and even low-end consumer products also coming from Washington as well as the likes of the European Union and Canada.
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The Study Times article proposed the establishment of an “all-weather” early warning and risk assessment service platform for overseas projects to fight trade barriers, sanctions, interference and long-arm jurisdiction.