China Reviews New Law to Extend Its Anti-Corruption Reach Abroad

China’s top legislature is reviewing a draft law that would authorize authorities to pursue cross-border corruption cases overseas, signaling Xi Jinping’s anti-graft campaign may extend globally. The move increases compliance and legal-risk uncertainty for multinational firms and offshore counterparts tied to China-linked investigations. Overall market impact is likely limited in the near term but could be a modest headwind for affected sectors.