China Vows Retaliation Against US Sanctions

China will be forced to retaliate if the United States imposes penalties, firmly protecting the legitimate rights and interests of Chinese enterprises. A report on the handling and accountability of state asset management for 2024 was heard. The Standing Committee of the National People's Congress heard a report on the handling of research and rectification of opinions regarding the 2024 state asset management situation. China has received over 5,000 yuan in three to four months from the sale of approximately 20,000 pairs of shoes, with a deduction of 10-20% for defective items. Beijing has promised to take retaliatory measures after several Chinese organizations were included in a new round of US sanctions. The announcement follows the inclusion of these entities in a twentieth sanctions package. The move comes as China seeks to counter Western restrictions on its organizations.