China eyes cross-border corruption law. Will it blunt the ‘long arm’ of the West?

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China plans to enact a law this year to combat cross-border corruption, according to the National People's Congress Standing Committee's work report. The law, drafted by the Central Commission for Discipline Inspection, aims to prevent corruption by Chinese companies operating overseas and target fugitives and illicit assets abroad. Chinese authorities first announced plans for this legislation in 2023, and it was further emphasized in 2024. The move is expected to strengthen China's anti-corruption efforts internationally. Last year, Chinese courts recovered over $2.6 billion in illegal gains through international anti-corruption efforts. Some experts suggest the law could potentially shield Chinese companies from foreign "long-arm jurisdiction."
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Source Transparency
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