
Aaron Schott
782 posts








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🇨🇳 China Invokes Blocking Statute for First Time China’s Ministry of Commerce has for the first time activated its 2021 Blocking Rules, ordering all Chinese firms and individuals not to comply with U.S. sanctions targeting five independent Chinese oil refineries accused of purchasing Iranian crude. Beijing called the U.S. measures, imposed under two executive orders, an “unjustified” and “improper” use of extraterritorial law. The move puts multinational companies operating in both markets in direct legal conflict: compliance with U.S. sanctions now risks violating Chinese law, and vice versa. Global banks and firms with dollar exposure face secondary sanctions risk if they continue dealing with the affected refineries. Analysts describe the order as a significant step toward competing legal frameworks for global trade, accelerating the path to potential economic “decoupling” between the two powers.




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The beauty of Ruyi Bridge in Taizhou, Zhejiang China. It's made up of three bridges across the Shenxianju Valley and it features a glass-bottomed walkway.















