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Zero Hedge — Western Companies “Shocked” After China Rushes Through Anti-Sanctions Law

Summary:
There should be little doubt that the timing is intentional: China on Thursday passed its sweeping new law to 'safeguard' Chinese businesses and entities from Western and especially US sanctions, just hours ahead of President Joe Biden sitting down with G-7 leaders in Cornwall to argue for a common stance on curtailing China's influence....Zero HedgeWestern Companies "Shocked" After China Rushes Through Anti-Sanctions LawTyler DurdenSee alsoVisual CapitalistRCEP Explained: The World’s Biggest Trading Bloc Will Soon be in Asia-PacificIman Ghosh AlsoECNSChina's consumption heats up in May: commerce ministryRelatedHistory To GoReed Smoot and the Smoot-Hawley Tariff, 1930Jeffrey D. Nichols

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There should be little doubt that the timing is intentional: China on Thursday passed its sweeping new law to 'safeguard' Chinese businesses and entities from Western and especially US sanctions, just hours ahead of President Joe Biden sitting down with G-7 leaders in Cornwall to argue for a common stance on curtailing China's influence....
Zero Hedge
Western Companies "Shocked" After China Rushes Through Anti-Sanctions Law
Tyler Durden

See also

Visual Capitalist
RCEP Explained: The World’s Biggest Trading Bloc Will Soon be in Asia-Pacific
Iman Ghosh


Also

ECNS
China's consumption heats up in May: commerce ministry

Related

History To Go
Reed Smoot and the Smoot-Hawley Tariff, 1930
Jeffrey D. Nichols

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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