Western firms are stuck between a rock and hard place on China. Chinese regulators want them to honor their supply commitments and respect China’s demand for non-interference on “sovereignty issues,” including human rights. Meanwhile, U.S. regulators want them to not enable Chinese ESGenvironment, social and governance standards/human rights abuses or the advancement of Chinese military capabilities by selling products with weaponization potential, either via military or economic channels. Some U.S. policy makers would prefer that most American companies not trade with China at all, and that the U.S. substantially decouple from China despite the huge economic consequences involved.
The screws are tightening. In the U.S., lawmaker debate on China appears to be advancing along the lines of expanding sanctions, trade litigation and export controls. In China, new laws — including the Anti Foreign Sanctions Law and several new data protection laws — are painting ever brig
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