New CCP Laws Countering US Sanctions May Accelerate Foreign Capital Exodus: Experts

Article 7 of the regulations allows the regime to openly seize foreign businesses’ intellectual property, said former Chinese rights lawyer Wu Shaoping.

Zhang Xiaoming (L), executive deputy director of the Hong Kong and Macau Affairs Office of the State Council, speaks next to Zhang Yong, deputy director of the Legislative Affairs Commission of Chinas Standing Committee of the National Peoples Congress, during a State Council press conference on Hong Kong electoral reform in Beijing on March 12, 2021. Nicolas Asfouri/AFP via Getty Images

News Analysis 

The Chinese Communist Party (CCP) has announced new regulations in response to U.S. sanctions, which may accelerate foreign capital exodus, according to China experts.