China Issues Rules to Protect Firms, Citizens From Foreign Laws

A Chinese national flag flies as skyscrapers of the Pudong Lujiazui Financial District stand across the Huangpu River in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photographer: Qilai Shen/Bloomberg
A Chinese national flag flies as skyscrapers of the Pudong Lujiazui Financial District stand across the Huangpu River in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photographer: Qilai Shen/Bloomberg

(Bloomberg) -- China issued new rules to protect its companies and citizens from what it described as “unjustified” use of foreign laws.

The rules, effective immediately, allow authorities to ban the imposition of other jurisdictions’ laws and measures on Chinese entities when it deems them inappropriate, the Ministry of Commerce said in a statement on its website on Saturday.