Economic countermeasures: How China has responded to U.S. sanctions with policy of blocking laws
By Bashar Malkawi, Professor of Law, University of Arizona After a recent meeting between U.S. Treasury Secretary Janet Yellen and officials in Beijing, China released a statement demanding “practical action” over the issue of sanctions. The implication was that the punitive measures, imposed by the U.S. government on hundreds of Chinese individuals and entities over the past few years, impede any alleviation of the strained relations between the two economic giants. The statement followed a testy encounter in May 2023 in which Chinese Defense Minister Li Shangfu refused to meet his American counterpart because of sanctions. Clearly, the economic...
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