Book contents
- The Cambridge Handbook of Secondary Sanctions and International Law
- The Cambridge Handbook of Secondary Sanctions and International Law
- Copyright page
- Contents
- Figures
- Contributors
- 1 Introduction
- Part I Secondary Sanctions
- Part II Secondary Sanctions and General Public International Law
- Part III Secondary Sanctions and International Economic Law
- Part IV Secondary Sanctions in Commercial Practices and Domestic Litigation
- Part V The Future of Secondary Sanctions
- 17 Secondary Sanctions
- 18 US Secondary Sanctions, the Informal Economy, and the Cryptocurrency Disruption
- 19 Secondary Sanctions after Russia’s Invasion of Ukraine
- Index
17 - Secondary Sanctions
The Chinese Perspective
from Part V - The Future of Secondary Sanctions
Published online by Cambridge University Press: 14 December 2024
- The Cambridge Handbook of Secondary Sanctions and International Law
- The Cambridge Handbook of Secondary Sanctions and International Law
- Copyright page
- Contents
- Figures
- Contributors
- 1 Introduction
- Part I Secondary Sanctions
- Part II Secondary Sanctions and General Public International Law
- Part III Secondary Sanctions and International Economic Law
- Part IV Secondary Sanctions in Commercial Practices and Domestic Litigation
- Part V The Future of Secondary Sanctions
- 17 Secondary Sanctions
- 18 US Secondary Sanctions, the Informal Economy, and the Cryptocurrency Disruption
- 19 Secondary Sanctions after Russia’s Invasion of Ukraine
- Index
Summary
China has long been a major target of primary sanctions and more recently of secondary sanctions. Like many other states, China has begun to explore legal efforts to resist US secondary sanctions, for instance by adopting a blocking statute. Unfortunately, it appears that these legal efforts, like those of many other states, cannot make much difference in practice, although they are not meaningless. However, China is different from many other states in that it has the potential to economically or technically overtake the US. Due to its ever-growing economic power, together with its legal efforts, China is expected to be able to neutralise US secondary sanctions in the future. Going forward, China, despite its growing power, is expected to maintain its basic policy of opposing unilateral sanctions and is unlikely to impose secondary sanctions to achieve its foreign policy aims. It will continue to emphasise the principles of sovereignty equality and non-intervention in internal affairs.
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- Publisher: Cambridge University PressPrint publication year: 2024