China's New Laws Pose Growing Threats to American Firms and Foreign Media

U.S. officials have warned that a new Chinese law poses increased risks for American firms operating in China. The law, which took effect on January 1, grants the Chinese government broad powers to counter foreign sanctions and allows it to impose countermeasures on foreign entities. American companies fear that this law could be used to target them and potentially disrupt their operations in China, leading to concerns about intellectual property theft and forced technology transfers. The U.S. government is urging American businesses to reassess their operations in China and consider the potential risks associated with the new law.