In recent years, economic relations between China and the U.S. have been plagued by friction, with Western countries led by the United States constantly imposing sanctions on China. US President Joe Biden signed an executive order on June 3 to put 59 Chinese companies in a investment blacklist including Huawei, SMIC and China Aerospace Science and Technology Corporation. On June 10, China's Anti-Foreign Sanctions Law was officially passed and came into effect. The law states that China has the right to retaliate against hegemonism and discriminatory measures by foreign countries. So what does the law say and why is it passed now?  In this episode of BizBeat, CGTN’s MichelleVandenBerg has the answers.