News Snapshot:
CHINA SAID IT will take whatever steps are necessary to protect its institutions and businesses, after the US Senate passed a new law banning imports from the Xinjiang region, unless companies can prove that ‘they were produced without forced labor. Foreign Ministry spokesman Wang Wenbin said the measure approved yesterday indicates that the United States has no qualms about smearing China by any means. The actions concerned seriously undermine market economy principles and international economic and trade rules, and seriously undermine the interests of Chinese institutions and enterprises, Wang said. China deeply regrets and rejects it and urges the United...