Why it matters
The law could affect foreign companies, investors and people with assets or business dealings connected to China. The article does not specify how the new powers will be applied in particular cases.
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China’s top legislature passed a law targeting cross-border corruption that provides new mechanisms to pursue offshore assets and counter foreign investigations, according to the South China Morning Post. The law took effect immediately, the report said.
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The law could affect foreign companies, investors and people with assets or business dealings connected to China. The article does not specify how the new powers will be applied in particular cases.