Yeah. So America is debating sanctioning China.
Good luck Fuckers!
Only people with SHIT FOR BRAINS would ever think of sanctioning China. What are you? A moron, an idiot, a deranged sadist? An ignorant doo-doo head (Bill Crosby reference) a psychopath with delusions of grandeur? What?
Just fucking stupid. That’s what.
You must be in some kind of absolute echo-chamber talking over and over again just how God-damn great you are to believe such horse manure.
You’re not great.
You are not exceptional.
You are a piece of shit that is farmed for your labor. That’s it and the ONLY reason that you don’t revolt is because you are too fat and happy with the crumbs that the government gives you to sustain your pitiful existence.
Still here?
Paint me “surprised”.
I tried posting this article a couple of times, and found it automatically blocked, shadowbanned, and de-listed from Google. I then rewrote it to includes food, and other items. Ai yah. But, you know, personal MM experience has shown this methodology to be very effective in getting around the Google censorship engines, and the NSA troll armies.
What do you know, eh?
Who would figure?
It works. If you are so childish that you cannot handle multible subjects in a singular article, you can leave. Go. No skin off my back. I don’t give a fuck.
Before we get to the “meat” of the article; Chinese reverse sanctions on American sanctions, we will talk about something fun. That will throw off the American censor engines.
We start with food.
For those of you who are new to MM, please let it be understood that MM content is banned in the West. If you can find it, you are truly lucky. And our workaround here is to mix politically-charged subjects with other common everyday subjects that tend to confuse the censorship engines.
Oh, man. Do they hate it.
It just messes with the algorithms. It cannot handle it.
Maybe you might not like it, but it does work. It works spectacularly.
Actually.
We are going to really freak out the gung-ho American “ready to die” for freedom™ cadre with a Russian dish of quite delicious food. Buckle up. This post is gonna be FUN.
Russian posikunchiki
Can you pronounce it? I can’t.
Look at this. Come on. Doesn’t it look delicious? You eat it with whipped creme cheese. And wash it down with vodka. Good tasty vodka. Or beer. Icy, frosty, cold beer. Good stuff too. Nothing less than 5% (which you cannot get in the USA. Banned “for the children, don’t you know”)…
Most Americans cannot drink alcohol. If they are in a corporate environment, and their diversity officer, or HR, finds out that they smoked or drank at home, they could easily lose their job.
Fact.
Jack.
It’s called “American freedom” don’t you know. Woo Woo!
Freedom™.
Yum.
The region of the Ural is well-known for its harsh, cold winters and continental climate. Traditionally, meat, thick solid soups, and nourishing pies were cooked there. One of the most outstanding dishes is posikunchiki.
Posikunchiki are an old dish of the Ural cuisine, mainly of the Perm and the north-west of the Sverdlovsk regions. The name was given to small fried pies, whose size is approximately equal to a luscious fat dumpling. They are made from unleavened dough and fried in a large amount of oil.
The key thing that distinguishes posikunchiki from other pastries is an incredibly juicy filling. In many ways, this notable trait and the cooking method makes them similar to chebureki.
Posikunchiki comes from the Russian verb “sicat’” (“to splash”) – because the pie splashes juice while you take a bite of it. They are also called posekunchiki – from the Russian verb “sech’” (“to dice/slice/shred”), because the filling for them is finely chopped, but not mixed in a meat grinder. But whatever the etymology, the popularity of these little cute pies has long transcended the boundaries of their historical homeland, and spread to other Russian regions.
The stuffing consists of lamb, beef or pork.
In general, there are a lot of different variations. At the same time, in every Ural city or village, you will surely be told that their posikunchiki represent the most authentic and correct variant, and all the other recipes are fake or just new.
Maybe.
I’ll just have to go visit a bunch of them and try for myself.
No one can remember exactly when this dish appeared. But many people remember that their grandmothers often cooked these mini-pies. And who, really who, can doubt a darn kindly old grandmother? Eh?
The locals remember the peculiar taste of fresh meat (often of wild animals, such as elks) grinded in a mincer from childhood, but many residents of Russia can’t even imagine what it is.
Today, I suggest we cook this dish with minced meat from a local shop. It will take us about four hours.
If you are an American, you use “hamburger”. If you are British or Australian, you use “mince”.
Ingredients (for eight portions):
Yeah.
For the dough:
- Flour – 600-700 g
- Milk – 250 ml
- Egg – 1 piece
- Salt – 1 teaspoon
- Sugar – 1 tbsp
For the filling:
- Minced meat (pork and beef)- 600 g
- Onion – 1 piece
- Salt – 1 teaspoon
- Black pepper – 1/2 teaspoon
- Water – 200 ml
- Vegetable oil for frying
Preparation:
1. To begin, we’ll prepare the dough, as it needs to rest 30 minutes before we start working with it. Combine the egg with sugar and salt. Mix well.
2. Gradually add warm milk to that mass and mix again.
3. Portionwise, add flour to the mass and knead the dough carefully and meticulously with your hands until it turns into an elastic ball. Knead it at least for 10 minutes, then put in a bag for 20-30 minutes, and into the refrigerator.
4. While the dough is resting, we’ll prepare the filling. Chop the onion into small cubes, then add to the minced meat.
5. Season the meat with salt and pepper. Mix well. Add some water. Minced meat should resemble thick sour cream in consistency, but it shouldn’t be liquid. Note that the minced meat must be juicy so that there is broth in the posikunchiki. During the preparation, the minced meat gradually thickens, so if necessary, add water and salt to the minced meat to taste.
6. Roll the dough and cut it into 28-30 pieces. Roll each into a small bun, and then roll out into a diameter of 10 cm. Put 1 tablespoon of the filling on one half of the rolled-out bun, cover with the other half.
7. Pinch well with a fork on one side so that the broth does not leak while frying.
Fry in a skillet.
8. Fry each posikunchik on each side for 2-3 minutes until golden brown.
9. Posikunchiki are ready to be served at the festive table.
10. Enjoy!
Oh, and lets not forget the alcohol.
Beer. Wine. Vodka.
It’s all GOOD!
Now let’s talk about Chinese anti-sanction systems designed to counter American sanctions
I watched a FOX “news” segment this morning. There, an “expert” was advocating that America (United States) put sanctions on China for being friends with Russia. And in reading the comments, the vast majority agreed with him.
“We ought to make China pay for this relationship with Russia...”
All the time, I am thinking…
…”fools”, you all deserve what will happen. China is really, really READY for this. They have been for over a year now. They say, “let it happen”, and I agree with them.
Go for it, you idiotic morons.
Although it contains only 16 articles, the Anti-Foreign Sanctions Law establishes, for the first time, a wide-ranging legal infrastructure and legislative base aimed at retaliating against sanctions imposed by foreign governments. Specifically the United States. However, even before the enactment of the Anti-Foreign Sanctions Law as legal basis, the Ministry of Commerce (hereinafter “MOFCOM”) inter alia issued two measures as tools against possible effects by foreign laws and sanctions. These are; [1] The MOFCOM Decree No. 4 [2020] on Provisions on the List of Unreliable Entities and [2] The MOFCOM Decree No. 1 [2021] on Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures (hereinafter “Blocking Statute”). Thus, the Anti-Foreign Sanctions Law confirms the legislative authority for existing measures and creates room for expanded measures in the future.
Background: I watched a short clip from FOX “news”.
As above.
In that clip, “experts”, “political pundits” and “knowledgeable advisers” are strongly urging that President Biden enact sanctions against China for being friendly to Russia. While many Americans agree with this point of view, the consequences are never addressed. Here, we will address the consequences of such a move.
Let it be well understood that China has long prepared for this moment.
Two to three years ago, they passed the anti-sanction retaliation law. It is directly custom tailored to addressing the day when the United States starts sanctioning China (for one reason or the other).
Specifically, it is designed to inflict the most [1] economic damage, [2] social damage, [3] personal damage, and [4] Geopolitical damage possible upon the United States and it’s (poor excuse) for “leadership”.
The most damage.
-
-
- Economic.
- Personal.
- Social.
- Geopolitical.
-
Upon the United States, and the individuals involved in the sanction effort against China.
What most people do not realize is how absolutely economically tethered to China, that the United States is.
They think, erroneously, that American can trade, instead, with Germany, Korea, Japan, or any other nation. Forgetting, of course, that those nations simply take Chinese products and slap their name-brands on them.
But if they sanction China, all that trade will end.
Not just trade with the USA, but all the trade with it’s alternative sources of supply.
No more manufactured products.
None.
Bye bye.
…
No more electonics.
None. Bye bye.
…
No more medicine.
None. Bye bye.
…
The Chinese anti-sanction law is specifically designed to counter AMERICAN sanctions. It is designed to automatically go, and be engaged immediate upon the implementation of sanctions, and noone, not even Xi Peng, can stop the tidal wave of repercussions.
You can read the details here, but really, I’m just going to lay out the visceral facts.
Yeah. It's dry with translations of wordly Chinese leagalese, and all that. But just skim over the presentation. Learn something for a change.
On a Personal Level… on individuals
You all had best hope to NEVER leave the United States. Once you cross the protected shores, the Chinese will fucking hunt you down. They will, with client nation help, extract you from your aircraft, and haul you into China for justice and punishment. Sentencing is a foregone conclusion and the judicial process is mostly a formality. Punishment will consist of [1] dealing with organ harvesting, and [2] hard labor in deep, dark salt mines. They are not evil. You will be able to have at least a six-hour rest a night, and be able to eat basic(but healthy) meals of rice, and chicken-feet if you work hard enough. Sentencing involves death or life in this environment. This includes you and everyone in your family as well. Including little children. They go to kiddie labor camps.
On June 10, 2021, the Standing Committee of the National People’s Congress of China enacted the Anti-foreign Sanctions Law (“AFSL”), which came into effect as of the date of enactment.
As China’s latest legislative countermeasure against economic sanctions of the U.S., E.U., U.K, and other jurisdictions, AFSL will have significant impact on Chinese subsidiaries and branches of foreign enterprises.
As well as foreign persons (entities and individuals) doing business in China or with Chinese individuals and companies.
I. Overview of the AFSL
A. Who will be listed in the Countermeasures List?
The relevant departments of the State Council may decide to include in the Countermeasures List (the “List”) the individuals and organizations that have directly or indirectly participated in the formulation, decision on or implementation of discriminatory restrictive measures of foreign governments.
In addition, the relating parties of persons in the List may also face countermeasures, including:
- The spouse and lineal relatives of the individuals included in the List
- Senior executives or actual controllers of the organizations included in the List;
- Organizations that have individuals included in the List acting as senior executives; and
- Organizations actually controlled by individuals or organizations that are included in the List or have participated in the establishment and operation thereof.
B. What are the countermeasures?
The relevant departments of the State Council of China may, depending on the actual situation, take one or more of the following measures against persons included in the List.
Here’s a selection of just some of the measures;
- Denial of visa issuance, denial of entry, deregistration of visa or deportation;
- Seizure, distraining or freezing of movable property, immovable property and other types of property within the territory of China;
- Prohibiting or restricting the organizations or individuals within the territory of China from conducting relevant transactions, cooperation or other activities with them; and
- Other necessary measures not listed.
China does not play. They will track you down, and they will work with the regional authorties to secure you and haul ou to China for organ harvesting, rehabilitation, and hard labor punishment.
C. What are the legal consequences for violating the AFSL?
The organizations and individuals within the territory of China shall carry out the countermeasures taken by the relevant departments of the State Council.
Any organization or individual failing to do so will be punished by the relevant departments of the State Council in accordance with the law, and such organization or individual will be restricted or prohibited from engaging in the relevant activities.
If a Chinese entity fails to enforce these laws, they will be punished harshly.
Where any organization or individual implements or assists in implementing the discriminatory restrictive measures taken by any foreign state against Chinese citizens or organizations and infringes upon the legitimate rights and interests of any citizen or organization of China, the Chinese citizen or organization may bring a lawsuit, seeking cessation of the infringement and compensation for the losses.
Any Chinese citizen can, under any pretense, ask for compensation against any person or their family targeted by this law.
Where any organization or individual fails to implement or cooperate in implementing the countermeasures, it/he will be subject to legal liability in accordance with the law.
Oh, and in case you think that you can avoid the long-arm of China if you patiently hide long enough. Think again.
II. The Impact of the AFSL on Foreign Companies
A. Foreign companies participating in sanctions against China might endure countermeasures imposed by the Chinese government.
Foreign companies directly or indirectly involved in the formulation, decision on, or implementation of discriminatory sanctions against Chinese persons may be added to the List. The main effects on foreign companies on the List will be as follows:
Firstly, senior executives or actual controllers of foreign companies on the List may not be allowed to enter China for business trips to perform their duties.
Secondly, assets of foreign companies on the List and foreign companies with individuals on the List acting as their senior executives or actual controllers will likely be blocked.
Thirdly, foreign companies on the List and foreign companies with individuals on the List acting as their senior executives or actual controllers might be prohibited from dealing with individuals and entities in China.
B. Foreign companies might be caught in a compliance dilemma between AFSL and foreign sanctions.
After the implementation of the AFSL, foreign companies are subject to both the obligation to comply with discriminatory sanctions imposed by other countries, and the requirement not to enforce foreign discriminatory sanctions and to enforce China’s countermeasures under the AFSL.
Complying with the discriminatory sanctions against China may violate the AFSL, while complying with the AFSL may violate the discriminatory sanction regulations of other countries as well.
This will probably put foreign companies in a compliance dilemma and substantially increase their compliance difficulties and costs.
EU Blocking Statute
The aim of the EU Blocking Statute is to counteract the unlawful effects of extraterritorial sanctions of third countries on ‘EU persons’, which term is generally understood to include EU nationals, EU-incorporated companies (including EU subsidiaries of U.S. companies but not branches of U.S. companies as these have no distinct legal personality) and non-EU nationals residing or doing business in the EU.
It's not just the United States that is targeted, bt the European Union is targeted specifically as well.
The list of extraterritorial legislation to which the EU Blocking Statute applies is given in the Annex and currently consists of U.S. measures concerning Cuba and Iran.
Article 2 of the EU Blocking Statute requires EU persons to notify the European Commission of any effect on their economic and/or financial interests caused by a measure that is listed as blocked in the Annex. Article 4 of the EU Blocking Statute prevents any judgment or administrative decision outside the EU which gives effect, directly or indirectly, to a blocked measure from being recognised or enforced in the EU in any manner.
Article 5 of the EU Blocking Statute prohibits EU persons (either directly or through a subsidiary or other intermediary) from complying with any requirement or prohibition based on or resulting, directly or indirectly, from a blocked measure.
If the United States places sanctions on China, and a European nation obeys the sanctions, the entire body of the law would then also apply to the aforesaid nation.
However, pursuant to articles 7 and 8 of the EU Blocking Statute, EU persons may apply for authorisation from the European Commission to comply with such requirement or prohibition if non-compliance would seriously damage their interests or the wider interests of the EU.
You can apply.
You can.
But whether or not mercy will be granted will depend on your association with the United States government.
If an EU person has suffered any damages caused by the application of a blocked measure or by actions based thereon or resulting therefrom, article 6 of the EU Blocking Statute allows such EU person to recover the damages, including legal costs.
Provided that there are no sanctions on China.
Get it?
A basic understanding of the EU Blocking Statute sheds some light on the Anti-Foreign Sanctions Law, since both laws are aimed at counteracting the impact of the extraterritorial jurisdiction of foreign sanctions on persons within their territory.
Scope of application
Unlike the EU Blocking Statute, the Anti-Foreign Sanctions Law does not currently provide a list of extraterritorial legislation which is subject to the application of the Anti-Foreign Sanctions Law.
However, the second paragraph of article 3 states that if any foreign country acts in violation of international law and basic norms of international relations and, on the basis of their domestic laws or any other pretext, contains or suppresses the PRC, takes discriminatory or restrictive measures against PRC citizens or interferes with the PRC’s internal affairs, the PRC has the right to take corresponding countermeasures.
Things can escalate quickly and broadly. Once initiated, a caustious EU should be "walking on egg shells".
As regards the application of the Anti-Foreign Sanctions Law, article 11 requires organisations and individuals within the territory of the PRC to comply with the countermeasures imposed by the relevant departments of the State Council.
Any Chinese entity that fails to abide by the counter sanctions will be punished in the harshest manner possible.
The departments can restrict or prohibit any organisation or individual found to be in violation of the countermeasures from engaging in the activities concerned. It is important to note that there is no definition of ‘organisations and individuals within the territory of the PRC’ in the text of the Anti-Foreign Sanctions Law, so whether branches of foreign companies in the PRC which have no distinct legal personality are also subject to the law is arguably unclear pending further provisions or clarifications from the relevant departments of the State Council.
Further, there is no express provision regarding an authorisation or licence regime under the Anti-Foreign Sanctions Law that may entitle such organisations or individuals to seek an exemption allowing for compliance with the extraterritorial legislation.
Although the Anti-Foreign Sanctions Law does not appear to have extraterritorial effect on non-PRC persons, it is also relevant to non-PRC persons. Under article 4, the relevant departments of the State Council may decide to put any persons or organisations that directly or indirectly participate in drafting, approving or implementing any of the discriminatory or restrictive measures set out in article 3 in a countermeasure list (反制清单).
In addition, article 5 subjects the following persons to the countermeasures imposed by the PRC government:
- the spouse and immediate family members of individuals targeted in the countermeasure list;
- the senior managers or actual controllers of organisations targeted in the countermeasure list;
- organisations in which individuals targeted in the countermeasure list serve in senior management positions; and
- organisations actually controlled by individuals targeted in the countermeasure list or in whose establishment and operations any such individuals participate.
As such, it is important to keep an eye on the countermeasure list to ensure that there are no dealings with individuals and organisations targeted by the Anti-Foreign Sanctions Law which may constitute breaches of the law. A suitable screening process should be put in place to minimise the risk of non-compliance.
Scope of countermeasures
As mentioned above, the State Council has the power to create the countermeasure list and determine the applicable countermeasures. In accordance with article 7, decisions made by the relevant departments of the State Council are final. As mentioned, there is no authorisation or licence regime in place so prima facie one must comply with the decisions in order to avoid breaching the Anti-Foreign Sanctions Law. Article 10 mentions that a procedure will be established to coordinate the work of counteracting foreign sanctions and oversee the overall coordination, with the relevant departments of the State Council being required to raise the level of coordination, cooperation and information sharing.
In accordance with article 6, the State Council may decide to take one or more of the following measures against individuals or organisations that are sanctioned pursuant to articles 4 and 5:
- refusal to issue visas, denial of entry, cancellation of visas or deportation;
- sealing up, seizing or freezing of movable and immovable property, or other types of property, within the territory of the PRC;
- prohibiting or restricting organisations or individuals within the territory of the PRC from conducting transactions, cooperating, or engaging in any other activities with the targeted individuals or organisations; and
- any other measures considered necessary.
As such, anyone who has a presence or assets in the PRC should pay due attention to the Anti-Foreign Sanctions Law as non-compliance may result in serious consequences for their activities or assets in the PRC.
Civil recovery
Article 12 prohibits organisations and individuals from implementing or assisting in implementing discriminatory or restrictive measures imposed by foreign countries against the PRC individuals or organisations.
PRC individuals or organisations may file a lawsuit against such organisations or individuals with the Supreme People’s Court in accordance with PRC law, requiring them to cease the infringement and compensate for any losses incurred.
This is similar to the EU Blocking Statute in the sense that only PRC persons are entitled to take legal action to recover losses.
Nonetheless, it is not specifically stated whom the PRC persons may take action against, and so it is perhaps best to assume that any foreign persons or companies that implement or assist in implementing discriminatory or restrictive measures imposed by foreign countries against PRC individuals or organisations may be subject to a PRC lawsuit.
2. Navigating conflicts of law and their implications for PRC and foreign companies
It is unsurprising that the implementation of the Anti-Foreign Sanctions Law will create additional compliance obligations for companies engaging in cross-border transactions, in particular banks in the PRC, which inevitably engage in U.S. dollar transactions but are at the same time subject to PRC laws and regulations.
On the one hand, they may have to comply with the U.S. sanctions regime to avoid being denied access to the U.S. market or U.S. dollar transactions. On the other, they may be obliged to comply with the Anti-Foreign Sanctions Law if they have a substantive presence or assets in the PRC.
PRC companies – discrimination against other PRC companies?
The Anti-Foreign Sanctions Law does not resolve the dilemma that many PRC companies may have to face. Access to the U.S. dollar system remains a fundamental feature of the business of many PRC companies and simply disregarding the long-arm jurisdiction of U.S. secondary sanctions may lead to adverse consequences for their business operations.
This inevitably leads to a situation where many PRC companies may try to avoid doing business with other PRC entities or persons that are currently subject to U.S. sanctions.
It is also standard practice to include sanction-related provisions in a contract to give a party a way to terminate the contract should the counterparty become a person or organisation sanctioned by the U.S. government.
The dilemma can best be illustrated by an example, albeit in a different context. The International Criminal Justice Assistance Law, enacted by the PRC government in October 2018, requires companies or individuals in the PRC to seek government approval before providing evidence or information to foreign prosecutors in support of criminal proceedings in overseas jurisdictions.
As a result, companies must choose whether to disregard the PRC law (if no government approval is given) and cooperate with foreign prosecutors or to abide by the PRC law and risk the consequences of being held in contempt of the foreign court or even being found guilty of obstruction of justice by the foreign court.
While it is often a commercial decision as to with whom to do business, the Anti-Foreign Sanctions Law creates some room for PRC persons who have suffered from discriminatory or restrictive measures under foreign sanctions laws to take retaliatory measures.
The legal implications of this cannot be ignored and it is vital for PRC companies to carefully consider sanctions-related provisions in contracts to avoid a situation where they risk being caught by either of the sanction regimes and suffering huge losses as a result.
For example, if there is a U.S. sanctions clause in a contract giving a party the option to terminate the contract if the PRC counterparty becomes a sanctions target of the United States, would it constitute a breach of the Anti-Foreign Sanctions Law if the party exercises the option to terminate the contract thereby causing losses to the PRC counterparty?
The situation is perhaps less clear when U.S. sanctions have already been imposed on the PRC counterparty and the party chooses not to deal with the PRC counterparty for other, commercial reasons. Of course, how the law will be enforced in practice is a question that only time will answer.
With that in mind, while the practical implications of the Anti-Foreign Sanctions Law remain to be seen, we see no benefit in PRC companies, and indeed foreign companies having a presence or assets in the PRC, failing to give due weight to this PRC ‘blocking statute’; otherwise, there may be serious consequences for their business operations and assets in the PRC.
Some may have thought up ways to get around the dilemma – for example, by using non-U.S. dollars in transactions so as to minimise the risk of being caught by the U.S. secondary sanctions regime – but in practice, aside from the practical concern that many parties doing international business still prefer to use U.S. dollars in transactions, it is also difficult to completely eliminate such risk in large, cross-border transactions involving many parties.
Foreign companies
Life is supposed to be easier for foreign companies that do not have a substantive presence or assets in the PRC or deal with the PRC counterparty, but the opposite is often the case.
As explained above, given that the Anti-Foreign Sanctions Law has not clearly defined ‘organisations and individuals within the territory of the PRC’, the more precautionary approach is to assume that the law also extends to the PRC subsidiaries of foreign companies as well as the branches (which have no distinct legal personality) of foreign companies in the PRC.
It is therefore inevitable that foreign companies will have to face the Anti-Foreign Sanctions Law squarely and consider its impact on their business operations.
If you are a United States, EU, or foreign corportation, you could be directly targetted by the anti-sanction law. This includes seizure of all of your facilities (McDonalds, Pizza Hut), seizure of your logos and product pacment (iphone, Microsoft, Ford), and arrest of your corporate leaders (President, Vice PResidents, COO, and all middle mangers).
Strictly speaking, where a foreign company does not have a presence or assets in the PRC, even if a PRC person can file a lawsuit against the company (which is unclear based on the current text of the law), there are still practical obstacles to serving court documents and enforcing judgments obtained against the foreign company pursuant to the Anti-Foreign Sanctions Law.
The company doesn't even have to be present in China. Safe-way™ can be targetted. Pep Boys™ can be targetted.
It is also highly uncertain whether foreign courts (especially U.S. courts) will give effect to and assist in the enforcement of PRC judgments.
Meaning that enforcement will be up to the Chinese military.
Relevance to Hong Kong
In addition, an interesting question remains as to whether the Anti-Foreign Sanctions Law will also be enacted under the laws of Hong Kong, for example, by way of incorporation of the law into Annex III of the Basic Law or the passing of local laws to achieve the same effect. We consider that the consequences can be potentially more far-reaching as Hong Kong is well established as an international commercial hub where many foreign companies have branches or assets.
At the same time, U.S. dollar transactions play a dominant role in Hong Kong’s economic activities and it is almost impossible for companies in Hong Kong to disregard the extensive impact of U.S. sanctions.
The dilemma could become even thornier if the Anti-Foreign Sanctions Law is extended to apply in Hong Kong as well.
3. Key takeaways
There is no denying that the Anti-Foreign Sanctions Law, a national law which has been enacted by the highest legislative body in the PRC, has established a sweeping legal basis for the PRC government to counteract the long-arm jurisdiction of foreign sanctions.
While the countermeasure list is yet to be finalised and it is yet to be seen how the Anti-Foreign Sanctions Law will be applied in practice, for now, it is safe to conclude that no one can disregard the potentially profound consequences of the Anti-Foreign Sanctions Law, and both PRC and foreign (especially those with a presence or assets in the PRC) companies should carefully assess the risks of this recently enacted national law.
We recommend that PRC and foreign companies consider taking the following actions:
- seeking legal advice on the implications of the Anti-Foreign Sanctions Law for their business operations in the PRC or when dealing with a PRC counterparty;
- reviewing and improving their compliance systems to take into account the countermeasures imposed by the PRC – for example, taking note of and refraining from dealing with individuals and organisations named in the countermeasure list by the relevant departments of the State Council;
- considering the incorporation of appropriate clauses into contracts to allow for a situation where the company may be subject to both U.S. and PRC sanctions; and
- identifying practical options to minimise the legal risks of doing business in the PRC and foreign countries – for example, increasing use of non-U.S. dollars in transactions where possible.
Harsh Realities
Almost ALL of the companies that export from China to America are American companies. Under the Chinese anti-sanction law, they will now become Chinese companies and will be forbidden to export to the United States.
How bad will this be?
- 100% of cell phones are made (one way or the other) in China.
- 90% of medicines are made in China.
- 85% of automotive parts are made in China.
- 98% of all appliances are made in China.
- 65% of all furniture are made in China.
- 85% of all batteries are made in China.
- All of the major restaurants and retailers (Walmart) operate inside of China, and the vast majority of their incomes comes from China.
Not only will Chinese exports to America go to zero, but American companies, facing losses from 50% to 90% of their tangibale assets will experience massive slide in the stock market.
No wonder China is saying “bring it on!”.
What can you all expect?
- Hyper inflation will become hyper-hyper inflation.
- Movement of American business owners outside of the USA will risk imprisonment.
- International Trade to the USA will end.
- Store shelves will be bare except for high-priced military weapons systems and their accessories.
- Many manufacturing companies will have to close and lay off workers because they will not have the materials need to make their products.
- Gas and products that use gas will go stratospheric.
But, you know, it’s all for a “good cause” , you know; to “punish Russia”.
Conclusion
Actually, I found this article a bit boring. But, you know, I had to pump it out. No one else on the planet is doing anything about this, so I have to.
Lazy fucks.
Why are you still here?
America is “exceptional”, and the Ukraine is kicking Russian butt. And everything is peachy, only there’s some inflation… pesky thing. But it’s all good. It’s Russia’s fault.
Don’t you know.
It’s all over the “news”.
So you know that any day now that the Ukraine will take over and march over Moscow. After all, you read the daily reports on Drudge, FOX, CNN and all the rest.
I read that the Russian solders are so fed up with Putin that they are throwing up, abandoning their weapons and running toward democracy™ as fast as their legs can carry them. Don’t you know!
Now leave. This will offend your world-view.
For you that stick around, ah… Here’s some sunny stuff to keep you all grounded on reality about China, life, and your part in it.
Chinese girl. These are PEOPLE that you God-damn people are talking about. Not some pile of french fries, you God-damn idiots. video
Here’s another one. These are people. Not things. video
Of course, if you are an American, you get a daily dose of “evil communist” this and that. Why they are the cause of all the problems in the United States. Oh, no. Not the goverment. Yeah. The communists!!!!!!!
Sheech!
Go ahead now. Run towards your next election, and then you can vote to make everything perfect!
It will work. Right?
Communist.
What the fuck is that. Most Americans coudn’t tell a communist from a dead armadillo at the side of the highway.
Remember, boys and girls, China is organized.
Here’s how the Chinese start first grade. video…
Here’s more. After all, you would never see this in America or the European Union.
Fact.
This is what China is today. Do you honestly think that the “West” can compete? video
But the West has “diversity”!
And it has freedom™…
I don’t know what it means. I guess when the ATF was established to infringe on the second amendment, freedom ceased to exist.
And let’s be real.
The Chinee population is 1.4 billion people; over five times the population of the United States, and every single one of them can fire a fully automatic assault gun, throw hand grenades, assault tanks and perform small platoon level operations. video. First grade.
I’d take Chinese elementary school against any American high schoolers any day. The Chinese are smart, talented, organized and trained. They operate by merit and they are hungry.
In America, the Military has to be able to do five entire push ups to qualify. The Chinese have to do one hundred. And tehy had best do it when they are in first grade. Video
Of course, this means nothing. America is the home of Rambo®. Freedom™ and democracy™. So of course it is exceptional™.
Bottom line.
If you want to fuck with China, China will FUCK with you. This is a front, that you do NOT want to get involved in. Capisce?
Capisce?
Do you want more?
You can find more articles related to this in my latest index; A New Beginning. And in it are elements of the old, some elements regarding the transition, and some elements that look towards the future.
New Beginnings 3.
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