News Snapshot:
China’s latest response aimed at blunting the effects of US sanctions will do little to relieve the pressure on companies currently denied access to key technologies from Western countries, but it could further the ongoing decoupling process, according to experts. The new anti-sanction law, passed by China’s top legislative body on June 10, provides legal backing for sweeping retaliation against any individuals, their families and organisations responsible for enforcing foreign sanctions. It came two days after the US Senate passed the landmark Innovation and Competition Act, which identifies China as a key rival to US technological dominance. The Chinese law,...