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As a result of the sanctions, all property and interests of the designated persons subject to US jurisdiction are blocked, and US persons are generally prohibited from engaging in transactions with them.

As US passenger airlines had stopped all flights linked to China before the restrictions imposed by the Civil Aviation Administration of China in late March, they were unable to resume flights to China.

As at the end of January, the balance of interbank WMPs dropped by 3.6 trillion yuan year-on-year. The growth of the wealth management business fell to 1 percent, down by 26.6 percentage points from the previous year.

As a growing number of Chinese companies rush to invest overseas, the Chinese government raised concerns about the abnormal capital out-flow that could disrupt normal financial order.

As an international company with integrated global value chains, minimizing trade barriers and tariffs is essential to BASF operations. The company benefits - as do customers - from free trade as any kind of duty represents an indirect tax. We are therefore concerned about the recent US announcements, and the response of several of US trading partners, including China, to impose import tariffs on a wide range of products that could affect the chemical industry and its numerous customer industries, including the automotive industry.