China Supreme People's Court restricts firms from exiting contracts due to foreign sanctions

China's Supreme People's Court has reportedly issued guidance preventing domestic firms from unilaterally terminating financial contracts solely to comply with foreign-imposed sanctions. This move aims to insulate Chinese entities from extraterritorial legal pressure, though the specific enforcement mechanisms and scope of the judicial interpretation remain unclear. The policy signals a hardening of Beijing's stance against Western sanctions regimes, potentially complicating compliance for multinational corporations operating in China.