Chinese Premier Li Qiang has signed a State Council decree to unveil the regulation on implementing the anti-foreign sanctions law, comprising 22 articles, set to take effect on Monday.
According to the regulation, China will enhance its countermeasures. It specifies the seizure, detention and freezing of "other types of assets," "relevant transactions, cooperation and other activities" that are prohibited or restricted as well as "other necessary measures" stipulated in the anti-foreign sanctions law.
China will also refine countermeasure procedures and strengthen coordination among various departments under the State Council, according to the regulation.
China will enhance the enforcement of countermeasures. The regulation stipulates that if countermeasures are not implemented in accordance with the law, relevant departments have the authority to mandate corrections and may prohibit or restrict certain activities of the involved parties.
Organizations and individuals subject to countermeasures may request suspension, modification, or cancellation of the imposed measures if they rectify their actions and mitigate the consequences, according to the regulation.
China unveils regulation on implementing anti-foreign sanctions law
President of the Republic of Korea (ROK) Lee Jae Myung has expressed his hope that his upcoming visit to China will help eliminate past misunderstandings and issues, underscoring the importance of ties between the two countries.
At the invitation of Chinese President Xi Jinping, Lee will pay a state visit to China from Jan 4 to 7. It will be Lee's first visit to China since he took office.
In an interview with China Media Group (CMG) in Seoul on Wednesday, Lee acknowledged the existing misunderstandings and issues between the two countries, noting that addressing these issues is a key goal of his visit.
"The current international landscape is turbulent, with escalating issues among various countries. In this context, the relationship between the Republic of Korea and China holds significant importance for us. the ROK and China are deeply interconnected in many areas, including history, economy, geopolitics, politics and security. Northeast Asia's peace, stability, mutual respect, and common prosperity are crucial for both countries," said Lee.
"Admittedly, there have been some misunderstandings and issues between the ROK and China, which have hindered the development of bilateral relations to some extent. Therefore, the purpose of my upcoming visit to China is to minimize or eliminate these past issues, foster a leap in our bilateral relations to a new level, and solidify the ROK and China as partners that mutually support each other's development," he said.
ROK President hopes to reduce misunderstandings with China during upcoming visit
