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China adopts new anti-corruption legislation focused on cross-border cases, Xinhua reports.
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China adopted new anti-corruption legislation aimed at cross-border cases, according to Xinhua. The law targets bribery and graft involving overseas entities and Chinese officials operating abroad. It matters because tighter rules could affect foreign firms, cross-border deals and compliance costs for companies with China exposure. Watch for implementing rules and early enforcement cases involving multinationals.
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China, Xinhua