CHINA TOPIX

11/02/2024 11:30:24 am

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China Getting Ready to Fight Back if Trump Starts Trade War

China is Getting Ready to Fight Back if Trump Starts Trade War

China is preparing retaliatory measures it would take in the face of a possible trade war with the incoming administration of US President-elect Donald Trump.

The China's standing committee of the parliament has introduced a new cyber security law on Monday despite receiving strong opposition from foreign firms.

China Enacts New Cyber Security Law Amidst Foreign Opposition

Chinese government approved a new cyber security law, rattling foreign firms operating in the country. The new law has been passed by the standing committee of the parliament and was made public on Monday. Among other things, the law deals with censorship and security reviews in strategic areas.

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U.S. Firms Report Unfriendly Chinese Investment Regulations

China was once considered a region with boundless potential for foreign investment. However, as it continues to grow and expand as one of the world's major economies, foreign firms are starting to experience difficulty maneuvering within its business sector.

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