China orders firms to ignore US sanctions, accelerating decoupling (legrandcontinent.eu)

• China's Ministry of Commerce invokes blocking statute to defy US sanctions.
• Decision follows US sanctions on Chinese refineries.
• Marks acceleration in US-China decoupling.

"The Chinese Ministry of Commerce has invoked its blocking statute for the first time, ordering Chinese companies to disregard extraterritorial US sanctions on its refineries. This move, a response to recent US sanctions, accelerates the economic decoupling between China and the United States."