US' Secondary China Sanctions Signal New Risks For Cos.

By Ama Adams, Emerson Siegle and Brendan Hanifin (September 26, 2018, 2:05 PM EDT) -- On Sept. 20, 2018, the U.S. Department of State and U.S. Department of Treasury coordinated to impose broad sanctions and additional restrictions on China's Equipment Development Department, or EDD, and its director, Li Shangfu, under the authority granted by the Countering America's Adversaries Through Sanctions Act, or CAATSA, signed into law in August 2017. EDD, formerly known as the General Armaments Department, is a significant component of China's Central Military Commission....

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