China expands anti-sanctions toolkit, raising risks for foreign firms

China is stepping up its game to counter US and EU sanctions and export controls with a new toolkit designed to shield its economy and retaliate against punitive measures. This move is likely to heighten risks for foreign firms operating in the country, as they now face potential repercussions from China's retaliatory actions. With geopolitical tensions rising, this development underscores Beijing's growing assertiveness in defending its economic interests and challenging Western sanctions, signaling a shift in global trade dynamics.